Keywords Studios profits jump in first half of 2022

Pretax profits at Dublin-based Keywords Studios surged, as the company continued on the acquisition trail and boosted its dividend

The firm, which provides services to the video games industry, said pretax earnings for the first six months of the year rose 78.2 per cent to €39.1 million. Revenue increased by just over a third to €321.1 million. Stripping out acquisitions, sales gained 21.7 per cent. This was “a strong performance in the first half, with a heightened focus on high-quality content and the continued trend towards external service provision in the industry, driving healthy demand across our service lines.,” chief executive Bertrand Bodson said in a statement. “Initial trading in the second half has been encouraging and we are confident of delivering a performance in line with the recently upgraded market expectations for the full year,” he added.

Keywords spent €67.9 million on three deals, including a move to buy game developer Smoking Gun Interactive. Deals for Forgotten Empires and Mighty Games closed in August, it said.

Source: News Formal (newsformal.com)

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dublin city's Christmas lights to be reduced this year amid ongoing energy crisisThe amount of time Dublin city's Christmas lights stay on for each day is set to be reduced this year amidst the growing energy crisis The should charge croke park 4 it the amount of outside lights left on last two weekends of Brooks concerts was unnecessary in bright sunshine or else the should get some advice from croker coz obviously they not having any issues with high energy bills Thanks for nothing Ukraine. Gr8. That should do the trick! Sorted
Source: thejournal_ie - 🏆 32. / 50 Read more »

Temporary ESB power station in Dublin won’t be ready until late next yearAn Bord Pleanala approved the scheme last week after Eirgrid had sought applications for the provision of emergency generating capacity
Source: IrishTimes - 🏆 3. / 98 Read more »

Criminal probe launched after Garda abandons patrol car at Dublin AirportA garda who allegedly used an unmarked patrol car to travel to Dublin Airport to catch a flight on holidays had previously been disciplined by the force but is now being investigated for the taking of the vehicle. Always the way, if there's one crime there's more.. .
Source: thejournal_ie - 🏆 32. / 50 Read more »