Stride Gaming posts FY pretax profit

Stride Gaming has posted a FY pretax profit of £131,000 for the 12 months to Aug. 31, 2016, from £2.9m in the pro-forma period ended Aug. 31, 2015.

Net gaming revenue was £47.8m, from £39.3m.

"In order to show the Group's results in the most meaningful way for all stakeholders, the financial information displayed below for the prior year comparative is shown on a pro-forma basis," the company said.

"The prior year comparatives have been adjusted to show the results as if the acquisition of InfiApps, the mobile social gaming company acquired in July 2015, had in fact taken place at the start of the 12 month comparative year, and as if Point of Consumption Tax ("POCT") had been in effect for the full 12 months in both years, instead of just nine months in the comparative year as was actually the case.

"No adjustments were required for the acquisitions of 8Ball, Netboost Media and the Tarco Assets, as they were acquired on 31 August 2016."