Home / Technology and Science / Angry Birds maker Rovio doubles first-quarter profit

Angry Birds maker Rovio doubles first-quarter profit

HELSINKI (Reuters) – Rovio Entertainment, the maker of the “Angry Birds” cell recreation sequence and film, doubled running profit within the first quarter as expansion in its most sensible video games offset uncomfortable side effects from foreign money trade charges.

FILE PHOTO: Rovio signal and a determine of an Angry Birds persona are observed in entrance of Rovio’s headquarters in Espoo, Finland March 2, 2018. REUTERS/Jussi Rosendahl

The corporate, which indexed its stocks closing September, on Thursday reported adjusted running profit within the quarter higher to 10 million euros ($12 million) from about five million euros a 12 months in the past. Sales fell by means of 1 p.c on declining earnings from its 2016 Hollywood film.

Rovio reiterated its full-year outlook, which in February wiped 50 p.c off its proportion value. The corporate expects general gross sales of between 260 million euros and 300 million euros this 12 months, towards 297 million in 2017.

Reporting by means of Jussi Rosendahl; Editing by means of David Goodman

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