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Probability
- BY: Andrew Hore |
- POSTED: 31/07/2007 |
Mobile phone gaming company probability says that its first quarter performance is ahead of expectations.
The number of registered players has increased by 14% to 198,988 over the period and this has helped increase gross profit from £122,000 to £141,000 in the quarter to June 2007. There is still £1.23m of cash in the balance sheet.
The mobile Bingo! game is still growing and new technology that enables people to chat while they are playing games. Management believes the chart product is helping to improve customer loyalty. It also thinks that the smoking ban in England could have a positive effect because people may play games while they are outside smoking.
St Helen’s Capital is now joint broker with Evolution.
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