TruFin PLC (AIM:TRU) shares opened Thursday on the front foot after the fintech reported a strong first-half performance, driven by Playstack games publishing subsidiary.
Revenue for the six months to 30 June is expected to come in at £35.5 million, a 40% increase from the same period last year, whilst earnings (adjusted EBITDA) are expected to be up 125% exceeding £6.7 million.
Group profit before tax is anticipated to be above £4.7 million, up over 670% from the prior year period.
Moreover, TruFin said the second half has begun positively as well, supported by the July launch of the game Abiotic Factor.
TruFin commented that Playstack’s 'hit ratio' remains strong, and its games pipeline shows encouraging pre-launch data.
In early trade, TruFin shares were up around 16% changing hands at 115.2p, valuing the business at around £120 million.