Playtech 2Q Revenue Climbs 32%; 3Q Trading Up 20%

28th Jul 2010 07:10

By Tommy Stubbington Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Gambling software provider Playtech Ltd. (PTEC.LN) Wednesday posted a 32% rise in second-quarter revenue, and said comparable trading at the start of the third quarter was up 20% from a year earlier. The company reported revenue for the three months to June 30 of EUR36.8 million, up from EUR27.8 million in the same period a year earlier. Gross income--Playtech's revenue combined with its share of the profit from William Hill PLC's (WMH.LN) online operation--was up 34%. The figure, which is closely tracked by analysts, rose 2% on the previous quarter. William Hill Online contributed EUR7.6 million during the quarter--up 43% on the year. Trading activity for the first 26 days of the third quarter is down 12% on the second quarter, reflecting the combined impact of the closing stages of the football World Cup and normal seasonal slowdown, Playtech said. Shares closed Tuesday at 420 pence, valuing the company at GBP1.02 billion. -By Tommy Stubbington, Dow Jones Newswires; 44-20-7842-9268; [email protected] (END) Dow Jones Newswires July 28, 2010 02:10 ET (06:10 GMT)