 rose 10 percent in morning trading on Monday, after both revenues and EBITDA soared in the six months to the end of June.){kind=link}
Shares in marketing group Veltyco (LON:VLTY) rose 10 percent in morning trading on Monday, after both revenues and EBITDA soared in the six months to the end of June.
Revenues increased by 202 percent to 6,355,573 euros, up from 2,102,558 during the same period last year. The figures exceeded the full year 2016 revenues of 6,082,468 euros, with EBITDA for the first six months increasing by 410 percent to 3,801,354 euros/
The group also stormed into profit during the six month period, up to 3,601,996 euros from a loss of 1,123,289 the previous year. Commenting on the results, David Mathewson, Chairman, said:
“It has been an exciting first half year of 2017 for the Group and we are very happy to see such a strong trading performance during this period, which produced very good results for the period reported.”
“Trading in the third quarter of 2017 continues to be strong and we now expect the business will exceed current market expectations for the full year.”
“The Directors are currently focusing on the roll-out of the new Bet90 operations and continue to review potential acquisition opportunities which fit into the Company’s profile.”
Shares in Veltyco (LON:VLTY) are currently trading up 9.94 percent at 96.20 (1058GMT).