StockMarketWire.com - Video games developer Sumo reported interim results for the period ended 30 June, saying that it continued to deliver ob its strategic objectives.

Revenues increased by 7.7% to £20.8m and adjusted gross profit rose by 13.7% to £9.8m.

The company said it was on track to meet market forecasts for 2019 and it retained its positive outlook. More than 41% of forecast 2020 development fee revenue was already contracted or near-contracted.

Chief executive Carl Cavers said 'H1 19 has been another successful six months for Sumo Group. We have grown the business and delivered financial results in line with our expectations. Our market remains buoyant and we are seeing many exciting opportunities.'




At 8:12am: [LON:SUMO] Sumo Group Plc Ord Gbp0.01 share price was -2.25p at 162.75p



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