Update: Making progress
Nektan’s first full-year results since its IPO revealed solid revenue and operational progress, together with a positive outlook statement. The company reported a strong August for gaming revenues in European markets and increasing traction in the US casino market, where Respin is now active in 12 casinos, up threefold since the end of June. This sets the scene for near-term revenue delivery, paving the way for EBITDA profitability in FY16 on our estimates, achievement of which would narrow the current value discount.Nektan and its subsidiaries are engaged in internet or online gaming services; mobile software development; and commercial development in gaming business.
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