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Old 09-09-2005, 05:33 AM
Sniper Sniper is offline
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Join Date: Jun 2005
Posts: 704
Default Re: Should You Quit Your Day Job? — Part II

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The article went on....

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Since you continue to focus on an article and obviously didn't take my advice to read the actual release, I'll do you the favor of posting the highlights for you...

PartyGaming Plc
Interim Results for the six months to 30 June 2005
Highlights
* Revenues up 81% to $437.4m (2004: $241.5m) reflecting continued strong growth in poker
* EBITDA before share option and IPO related expenses up 70% to $257.7m; EBITDA after share option and IPO related expenses of $195.4m (2004: $151.9m)
* Basic earnings per share before share option and IPO related expenses of 6.2 cents; basic earnings per share of 4.5 cents (2004: 3.6 cents)
* Operating cashflow up 67% to $270.9m (2004: $162.0m); net debt reduced by $231.2m to $119.5m in period
* Poker KPIs - strong growth in real money sign-ups (up 73%) and active player days (up 102%); 7% decline in yield per active player day to $17.8 (2004: $19.2)
* Casino KPIs – small increase in active player days; yield per active player day up 3% to $76.4
All references to “$” mean US dollars.
Commenting on the interim results, Richard Segal, Chief Executive, said:
“Following the successful IPO of the Group in June, we are delighted to be announcing our first set of interim results as a listed company. The Group’s performance further demonstrates the strength of our brands, the quality of our gaming products and the financial attractions of our business model.
PartyGaming continues to enjoy strong positions in each of its core markets. As expected, whilst the online gaming market and poker in particular continues to show strong year on year growth, the rate of growth is continuing to moderate. As it does so, the Group will continue to adapt its marketing strategy and infrastructure to provide greater focus on customer retention and player value.
Looking forward, the Group’s financial strength, strong market positions and scale provide a unique platform from which to grow the business through further international expansion, the development of new gaming products and additional distribution channels.”
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