Source - SMW
Keywords Studios, the international technical services provider to the global video games industry, posts adjusted pre-tax profits of €6.0m for the six months to the end of June - up 177% on last time.

evenue, including contribution from acquisitions, increased by 77% to €42.4m.

Adjusted earnings per share rose by 99% to 8.55c (H1 2015: 4.29c).

The group had net cash of €3.5m (H1 2015: €6.1m) after €13.7m of acquisition cash consideration and costs.

The interim dividend to 0.44p per share is up 10% on last time.

Chief executive Andrew Day said: "The Group has delivered a first half performance comfortably ahead of our expectations, driven by good organic growth, but also substantially complemented by acquisitions which have further extended our service offering, market penetration and geographic reach

"The Group's strong trading in the first eight months of the year means that we do not expect this year to be characterised by the typical weighting towards the second half. This performance gives us increased confidence in delivering against our expectations for the full year.

"We look forward to continuing to develop the business both organically, by extending relationships with many of our existing major games clients, and by acquisition, as we continue to review selective opportunities that could further extend our service offering or market penetration."    

At 8:00am: (LON:KWS) Keywords Studios share price was +8.5p at 402.5p

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