The Company has issued its interim results today and essentially confirmed the key items that were announced in the January trading update. Encouragingly the Company has seen conditions stabilise in Argentina, its largest market, and the business is likely to breakeven in H2. Perhaps more importantly no further cash drain is expected despite the product and markets launch program. The new Indian business is performing in line with expectations and the Company believes it will have enough KPI data in the middle of the year to assess its likely economic potential. MobileGaming.com launches in India, Argentina and the US have been followed up with by a Mexican launch and Columbian and Brazilian launches are expected shortly. The service has been improved with multiple languages and advertising options have been increased to further optimise value. At this stage we keep our forecasts under review and look forward to an update on the Indian and additional market launches of MobileGaming.com.
