An­gry Birds maker Rovio sees prof­its soar 43pc

Irish Independent - - Business -

Rovio En­ter­tain­ment has said its prof­itabil­ity im­proved in the first quar­ter af­ter the An­gry Birds gamemaker spent less on win­ning over users for its games and saw cost ef­fi­cien­cies in brand li­cenc­ing. Ad­justed earn­ings be­fore in­ter­est, tax, de­pre­ci­a­tion and amor­ti­za­tion grew 43pc to €14.6m. The earn­ings mar­gin rose to 22.2pc of sales, up from 15.4pc a year ago. The stock ad­vanced 5.5pc at one stage yes­ter­day.

(Bloomberg)

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