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Probability

  • BY: Andrew Hore |
  • POSTED: 30/10/2008 |

Probability has reported its first ever pre-tax profit.

The mobile gaming company moved from a loss of £599,000 to a profit of £103,000 in the year to September 2008. Net gaming revenue more than doubled from £1.17m to £2.62m. The cash in the bank is unchanged from six months before at £2.5m.

The shares jumped 8.5p to 45.5p each, which values Probability at £9.83m.

Probability feels the time is right to investigate overseas markets. It is aware that there could be regulatory difficulties and it will tread carefully.

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