Efficiency in spend leads Nektan commercial momentum

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London AIM-listed B2B mobile gaming solutions provider Nektan Plc has detailed strong corporate growth for its Q2 2018 trading update  (three-month period ending 31 December).

Updating investors, Nektan would record net gaming revenues of £4.7 million up 42% on corresponding Q2 2017’s £3.3 million.

During the trading period, Nektan governance informs that it has prioritized on developing player quality, whilst improving its ‘efficiency in spend’ resulting in a 37% saving in bonuses awarded in Q2 FY18.

The company strengthened its commercial pipeline launching 17 new website properties during the trading period, at present Nektan services a total of 94 brands from 51 partners, with a further 18 new sites aiming to be launched during Q3 2018.

Nektan continues to expand its client games portfolio adding new titles from Evolution Gaming and IWG, taking the Group’s total mobile games portfolio to over 450. The firm’s new platform deal with Tyche is expected to go live during January 2018 and to generate revenue during Q3 FY18.

Gary Shaw, Interim Chief Executive Officer of Nektan Plc, said: “Our core European business continued to progress as expected in Q2 FY18 with a number of further launches planned in Q3 FY18. Our strategy to move into B2B is paying off with initial revenue generated by the Company. We look forward to announcing further positive updates across Nektan’s business over the next few months, including on our platform deal with Tyche and our US business.”