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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Asianlogic | LSE:ALOG | London | Ordinary Share | VGG4265J1030 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 24.50 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number : 5657N
AsianLogic Limited
19 February 2009
AsianLogic Limited ("AsianLogic" or the "Company")
Pre-close Trading Update
AsianLogic Limited, the diversified Asia-Pacific online and land-based gaming
company, today issues a pre-close trading update for the year ended 31 December
2008.
The Board is pleased to announce that AsianLogic's trading since
the announcement on 24 November 2008 has been in line with revised expectations.
As previously announced, the Company expects to report 2008 full year pre-tax
profits of approximately US$7.0m (before tax and adjustment for share-based
awards).
Like many in its sector, the Company trades in a challenging
economic environment where sustaining growth requires continuing innovation in
services provision and product development. While the Company is confident that
top line revenues will be sustained in 2009, the business's required capital
expenditure is likely to be significantly higher than in previous years and as a
result pre-tax profits are unlikely to reach the same level as in 2008. The
Company has initiated a strategic review to determine the most appropriate
manner in which to prioritise shareholder value.
AsianLogic expects to
announce its 2008 full year results during the second half of April 2009.
ends
For further information contact:
AsianLogic
+44 207 861 3232
Tom Hall, Executive Vice Chairman
Collins Stewart Europe Limited- Nominated Adviser and broker
+44 207 523 8350
Piers Coombs/Adam Cowen
Bell Pottinger Corporate & Financial
+44 207 861 3232
David Rydell/Olly Scott/Helen Tarbet
NOTES TO EDITORS
About AsianLogic
AsianLogic is a leading online and land-based gaming company focusing on the
Asia-Pacific markets. The Company operates eight online casino brands and four
online poker rooms as well as land-based sportsbook operations through its
MegaSportsWorld brand. It is a specialist in Asia-specific games such as
Mahjong, Cho-Da-Di, Do-Di-Zhu and 13 Card Poker. AsianLogic also owns and
operates The Asian Poker Tour.
The Company maintains a corporate advisory team specialising in the gaming
sector which is an active investor in gaming-related businesses as well as
providing consultancy and analytical services. AsianLogic enjoys strong
commercial relationships with leading gaming providers including Playtech and
LVS.
Founded as ESL in 2002, AsianLogic employs more than 300 people, the majority of
whom are based in the Philippines.
For more information visit: www.asianlogic.comHYPERLINK
"http://www.asianlogic.com" or www.asianpt.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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