Internet gaming software company Cryptologic has reported increased revenues for the third quarter of 2011.
Total revenue increased to US$7.2m, compared with $7m in the second quarter. Total expenses were reduced to $5.9m, as against $6.5m in Q2. Income before tax increased to $1.3m compared to second quarter figures of $0.5m and cash increased to $15.2m ($12m in Q2).
The Cryptologic board said it was encouraged by the performance in the quarter and continues to focus on increasing revenues while managing costs tightly to enhance shareholder value.
