Buoyant Playtech Says Q4 Trading is Strong

7 January 2008

In a trading update this morning, Playtech said it was confident it would meet fourth-quarter forecasts and that revenues had grown significantly toward the end of 2007.

The London-listed software supplier said moreover that it "continues to enjoy buoyant trading," and that fourth-quarter trading in particular had thus far "exceeded expectations."

Ahead of the company's full-year report, due out March 4, Bloomberg estimates a pre-tax profit of $68.8 million, with sales at $102.8 million.

Playtech added that former Chief Executive Avigur Zmora -- currently the group's executive vice chairman -- is to become a non-executive director.

On the LSE, shares were down 6p to 382.00.

Click here to view third-quarter results from Playtech.

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