Pefaco International plc – Interim Directors’ Statement

Pefaco International plc issued the following company announcement pursuant to the Malta Financial Services Authority Listing Rules. 

In spite of a volatile environment (elections in Benin, Niger and terrorist attacks in Burkina and Ivory Coast) the first quarter of 2016 concluded with a Gross Gaming Revenue (GGR) of €11.369 Million up 9% from the previous year. EBITDA was in line with projections at €2.966 Million. 

The Company’s subsidiaries in Ivory Coast and in Burkina have exceeded expectations registering EBITDA of +48% and +10% vs last year respectively. Togo experienced a slowdown in operations due to an adverse local economic situation and operating costs in Niger exceeded those budgeted in the first Quarter. Benin remains in line with budget. 

To view the official Company Announcement, click here.