Veltyco Group PLC Trading Update (7753W)
February 14 2017 - 2:00AM
UK Regulatory
TIDMVLTY
RNS Number : 7753W
Veltyco Group PLC
14 February 2017
14 February 2017
Veltyco Group PLC
("Veltyco")
TRADING UPDATE
Veltyco Group plc (AIM:VLTY), the online marketing company in
the gaming, lottery and financial trading businesses, is pleased to
provide a trading update for the year ended 31 December 2016.
Further to the update given on 13 December 2016, the Board of
Veltyco is pleased to confirm that trading in December continued to
be strong. Based on the management accounts the Board expects that
the results for the year ended 31 December 2016 will be
significantly ahead of market expectations with net revenues in
excess of EUR5.7 million (2015: EUR2.6m) and the adjusted operating
EBITDA for the full year 2016 in excess of EUR2.0 million (2015:
EUR 0.7m).
The Board expects to publish the audited final results in April
2017.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
For further information please contact:
+44 (0)16 2460
Veltyco 5764
David Mathewson, Chairman
Marcel Noordeloos, CFO
Northland Capital Partners +44 (0)20 3861
Ltd 6625
Tom Price
Edward Hutton
+44 (0)20 3053
IFC Advisory (Financial PR) 8671
Graham Herring
Tim Metcalfe
Miles Nolan
About Veltyco
Veltyco is a holding company primarily focused on generating
marketing leads and entering into marketing contracts for the
activities of its partners in sports betting, casinos, poker games,
lottery and options trading, such as Betsafe (online casino and
sports betting), LottoPalace (lottery), Option888 and Zoomtrader
(both Options trading). Veltyco focuses on all of these three
complementary industries under one umbrella, leveraging its
historical cash generative activities of marketing online casinos
and sports betting.
Website: http://www.veltyco.com/
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTUOUWRBBAUAAR
(END) Dow Jones Newswires
February 14, 2017 02:00 ET (07:00 GMT)
B90 (LSE:B90)
Historical Stock Chart
From Mar 2024 to Apr 2024
B90 (LSE:B90)
Historical Stock Chart
From Apr 2023 to Apr 2024