Computer game development services provider Keywords Studios (LON:KWS) saw strong first-half growth, even without the contribution of recently acquired companies.
The company said it is on track to meet full-year expectations, as the summer months return to being the peak period for the industry after a couple of years when the cycle was distorted by the release of new games consoles in November 2013.
Revenue in the first six months of 2015 rose 23% year-on-year on a pro forma basis, which strips out the contribution of companies acquired in the last 12 months.
Group revenue, including contributions from acquisitions, shot up 74% to €23.9mln from €13.7mln in the same period of 2014.
Adjusted profit before tax climbed 65% to €2.2mln from €1.3mln, while statutory profit before tax soared to €1.6mln from €0.04mln.
The interim dividend has been hiked to 0.40p from 0.36p.
“We have delivered another strong performance for the first six months of the year and are looking forward with confidence to continuing to build our global games services business through both acquisition and organic growth,” said Andrew Day, chief executive of Keywords Studios.
"Our Art creation business in particular has benefited from very strong demand in that market. The acquisition of Liquid Development in August this year has both provided additional in-house capacity and has also brought much greater flexibility in resourcing which will allow us to flex up and down with the demands of individual projects in much the same way that we do in our other service lines,” Day added.