Playtech’s CFH Acquisition Contributes €1.8m to Revenues in December
Posted: Wed Feb 22, 2017 8:21 am
Playtech has just announced the company’s full year results for 2016. The firm’s financials division has seen substantial growth in the first half of the year. The company’s second half was boosted by the acquisition of CFH for $120 million, which concluded on the 30th of November and added a total of €1.8 million to the company’s revenues.
For the full year 2016, revenues of the financials division increased by over 9 percent to €65.6 million. The company’s adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) totaled €15.4 million, which is lower than 2015’s ... (read more)