Akazoo S.A. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2019; Revises Earnings Guidance Fiscal Year 2019
For the nine months, the company reported revenues of EUR 99.480 million against EUR 74.550 million a year ago. Operating profit was EUR 4.020 million against EUR 4.019 million a year ago. Net income was EUR 4.755 million against EUR 3.819 m a year ago. Income per basic and diluted share attributable to owners of the parent was EUR 0.10 against EUR 0.07 a year ago.
The company is raising fiscal year 2019 revenue guidance from EUR 134 million to EUR 136.5 Million - up 30% year over year with quarter of quarter revenue growth accelerating in the fourth quarter.