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(Sharecast News) - Finance services firm TruFin said on Thursday that it now expects to exceed market expectations for the full year, following a robust first-half performance from its gaming division.
TruFin said group revenue surged 40.3% year-on-year to £35.5m in H1, while adjusted underlying earnings more than doubled, up 131% to £6.7m, and pre-tax profits skyrocketed 683% to £4.7m, up from just £600,000 a year earlier.
The AIM-listed company attributed the gains to its gaming arm, Playstack, and its high hit ratio and growing back catalogue, alongside solid pre-launch data from its upcoming titles.
TruFin added that return on invested capital remained strong, and that its niche focus across early payment provision, invoice finance, and mobile games publishing units continued to deliver operational leverage.
As of 0940 BST, Trufin shares had shot up 15.78% to 115.20p.
Reporting by Iain Gilbert at Sharecast.com
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