StockMarketWire.com - Sumo Group, which provides services to the video game industry, said it would post annual results 'at least in line' with its expectations.

The company said it had secured a number of contracts towards the end of its financial year through December, which had underpinned its financial forecasts for 2019.

As 31 December, Sumo said it had positive cash balances of £3.7m and employed 592 people, an increase of 103 on-year.

'In our first full year since IPO in December 2017, we have continued to deliver strong growth across all areas of the business,' chief executive Carl Cavers said.

'The group started 2018 taking on the Newcastle Studio of CCP Games and, in August, we acquired The Chinese Room, creating our Brighton Studio.

'Sumo Group is currently operating globally from seven studios in three countries and we are planning to operate from another studio in the UK in the near future.'

'We are seeing many exciting opportunities to deliver more growth in our core markets, served by Sumo Digital and Atomhawk, and I am very pleased with the progress the business is making.'




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