Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Video game developer Sumo Group said it was trading in line with market expectations and actively exploring acquisition opportunities.
'We continue to execute on our stated organic growth strategy and, given the fragmented nature of our market, are actively exploring opportunities to further accelerate expansion through acquisition,' chairman Ken Beaty said in AGM speech notes.
'The group also opened a new studio in Leamington Spa, earlier this year, to focus on opportunities in mobile game development.'
'In conclusion, I am pleased to report that the company is trading in line with current market expectations and with its strengthening cash profile the business is well positioned to take advantage of the strong growth in the global video games market.'
'The board is, therefore, confident about the outlook for group in the current financial year and beyond.'