Cherry has revealed their 3rd quarter results of the year, and it shows that their business is growing. Their revenue shows 164% growth compared to the same time last year.
After cutting taxes and all the other costs, third-quarter profit is now 42 million Swedish kronor, which equals to £3818558,10.
This of course, makes the CEO of Cherry AB very happy and he said that as their business has a wide stance in the business, it is easy for them to answer to any changes in the industry.
Cherry AB had also integrated ComeOn online Casino to their portfolio recently and this shows the positive effect in the results.
““The integration of the online gaming operations within ComeOn continued to affect growth and profitability negatively in the third quarter; we have continuously reviewed the integration process within the business area and can affirm that the lion’s share has been completed,” CEO Anders Holmgren said.
Cherry AB is also going through some changes in the management, as several members of ComeOn will now be doing important decisions in Cherry´s management.
Their goal for the 4th quarter is to keep growing and lowering the costs.
- UK players are not accepted at the casino since the 23rd of September, 2019