G5 Entertainment AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 01:00 am EDT
Share
G5 Entertainment AB (publ) reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was SEK 331.24 million compared to SEK 343.5 million a year ago. Net income was SEK 40.1 million compared to net loss of SEK 2.59 million a year ago. Basic earnings per share from continuing operations was SEK 4.96 compared to basic loss per share from continuing operations of SEK 0.31 a year ago. Diluted earnings per share from continuing operations was SEK 4.96 compared to diluted loss per share from continuing operations of SEK 0.31 a year ago.
For the six months, sales was SEK 676.61 million compared to SEK 676.57 million a year ago. Net income was SEK 87.87 million compared to SEK 47.28 million a year ago. Basic earnings per share from continuing operations was SEK 10.82 compared to SEK 5.5 a year ago. Diluted earnings per share from continuing operations was SEK 10.82 compared to SEK 5.5 a year ago.
G5 Entertainment publ AB is a Sweden-based developer and publisher of downloadable casual and free-to-play games for smartphones and tablets. The Company offers a range of game genres, such as Adventure & Hidden object and Strategy & Time management. Its product portfolio comprises two types of games: Free-to-play, providing The Secret Society, Virtual City, and Doomsday Preppers, among others, that are games based on a pay as you go model; and Unlockable, which supplies a try before you buy game model, included in Special Enquiry Detail, Supermarket Mania, as well as Stand OâFood. The Companyâs games are available on Appleâs iPhone and iPad, Mac, devices powered by Google Android and Windows 8, tablets and e-readers, such as Kindle Fire from Amazon. Furthermore, the Company is a parent of G5 Holdings Limited, G5 Holding RUS LLC, G5 Entertainment Inc and G5 Holding UKR LLC.