Keywords Studios PLC (LON:KWS) has praised its recent acquisitions after seeing its profit before tax almost triple in the first half of this year.
The firm said the strong performance was buoyed by an “exceptional second quarter” posted by Synthesis, a fellow video games services provider it bought back in April.
"The group has delivered a first half performance comfortably ahead of our expectations, driven by good organic growth, but also substantially complemented by acquisitions,” said chief executive Andrew Day.
“This performance gives us increased confidence in delivering against our expectations for the full year.”
Adjusted profit before tax for the six months to June increased by 177% to €6mln, compared to €2.2mln for the same period in 2015.
Like-for-like revenues were up 30%, while total revenue rose to €42.4mln from €23.9mln in the first half of last year.
Adjusted earnings per share as good as doubled to 8.55c per share (H1 2015: 4.29c).
Keywords completed several acquisitions in the period which led to a fall in net cash to €3.5mln (H1 2015: €6.1mln).
The strong performance so far in 2016 has allowed the company to up its interim dividend by 10% to 4.4p.
Shares closed lower at 338.75p on Monday.