Telematic Interactive with a strong Q4
Leading Bulgarian gaming company Telematic Interactive presented its Q4 results for last year, showcasing a solid growth on both top and bottom lines. EBIT is up by 10.83% YoY, amounting to BGN 25.5M. Revenues have increased by 32.28% YoY to BGN 103.28M with casino games still being the most profitable sector for the company, responsible for almost 87% of all revenues.
The Bulgarian market remains the biggest one but a slight shuffle can occur here with the recent business acquisitions in Peru and Curacao. Operating expenses are also up, with an increase of 39.51% YoY. The company is dependent on external sources for its games, resulting in a 24.27% increase YoY and amounting BGN 14.8M for the period.