Stillfront Group AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 25, 2023 at 01:00 am EDT
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Stillfront Group AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SEK 1,807 million compared to SEK 1,947 million a year ago. Net loss was SEK 7 million compared to net income of SEK 83 million a year ago. Basic loss per share from continuing operations was SEK 0.01 compared to basic earnings per share from continuing operations of SEK 0.16 a year ago. Diluted loss per share from continuing operations was SEK 0.01 compared to diluted earnings per share from continuing operations of SEK 0.16 a year ago.
For the nine months, sales was SEK 5,683 million compared to SEK 5,724 million a year ago. Net loss was SEK 5 million compared to net income of SEK 345 million a year ago. Basic loss per share from continuing operations was SEK 0.01 compared to basic earnings per share from continuing operations of SEK 0.73 a year ago. Diluted loss per share from continuing operations was SEK 0.01 compared to diluted earnings per share from continuing operations of SEK 0.73 a year ago.
Stillfront Group AB (publ) is a Sweden-based independent creator, publisher and distributor of digital games. The Company operates through a number of near-autonomous subsidiaries, including Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the United Kingdom and Sweden, and Dorado Online Games in Malta, Simutronics in the United States, and Babil Games in United Arab Emirates and Jordan, among others. The Company's games portfolio includes Call of War, DragonRealms, ManagerZone Football, Lara Croft Relic Run, Supremacy 1914 and Unravel, among others. The games are distributed globally, however the main markets are Sweden, Germany, the United States, United Kingdom, Middle East and North Africa.