Brief: Paradox Q1 Operating Profit Rises To SEK 165.9 Mln

Paradox Interactive AB (publ)

12/05/2020 07:07

May 12 (Reuters) - Paradox Interactive AB (publ)  PDXI.ST :
    * INTERIM REPORT FIRST QUARTER 2020
    * Q1 REVENUES AMOUNTED TO SEK 400.4 (238.3) MILLION
    * Q1 OPERATING PROFIT AMOUNTED TO SEK 165.9 (62.7) MILLION
    * Q1 PROFIT BEFORE TAX AMOUNTED TO SEK 164.7 (63.2) MILLION
    * WE SEE SOME IMPACT ON SPEED OF CREATIVE PROCESS
    * AS FOR CONSUMPTION, WE, LIKE LARGE PARTS OF DIGITAL
ENTERTAINMENT INDUSTRY, HAVE NOT SEEN DEMAND FOR OUR PRODUCTS
DECREASE, BUT ON CONTRARY IT HAS INCREASED
    * A STRONG CONTRIBUTING REASON FOR HIGH REVENUE HAS BEEN
THAT
DURING QUARTER WE RELEASED EXPANSIONS TO THREE OF OUR BIGGEST
GAMES

Source text for Eikon:  ID:nWkr5zX3HC 
Further company coverage:  PDXI.ST 

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