Kindred Group Presents High Operational Results

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March 21, 2022
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Kindred Presented Preliminary Financial Results

Kindred group submitted a preliminary operating report for the fourth quarter of 2020. The group continued to develop: the number of active customers incrased by 11 percent compared to the same period last year, and the gross revenue from winnings reached a record high level of about 365 million pounds of sterling.

Also, the company noted that a significant increase in revenue in combination with a significant operating lever and a constant focus operating lever and a constant focus opitiability led to a significant annual increase in the basic ebitda to about 115 million pounds of sterling.

Kindred has shown the highest result for the quarter in history, with a gross income from a record high level of about 365 million pounds of sterling (4th quarter of 2019: 236.2 million pounds), which represents an annual increase by 55 percent. This was achieved thanks to the ongoing active, as well as a record number of active customers (1.78 million, which is 11 percent more compared to the same quarter of last year). The growth of revenue from gross winnings was also kept somewhat higher than usual, margin at the quarter (after free rates) for the quarter (after free rates) for the quarter (after free rates) for the quarter, compared with the long-term average margin.5 percent.

The basic ebitda for the fourth quarter of 2020 is estiated at about 115 million pounds of sterling (fourth quarter of 2019: 30.7 million pounds sterling). The main factors contributing to this increase are a significant increase income in combination with the constant attention of kindred to operating efficiency and costs.

The level of marketing investments gradually increased in the second half of the year, and during the fourth quarter, general marketing expenses were about 13% higher than in the fourth quarter of 2019. Although marketing costs have increased from 2020, a significant increase income and increasing marketing efficiency meant that marketing costs accounted for approximately 21% of gross income from winnings for the quarter.

The final report will be presented on febrary 10, 2021.

Source: official site kindred group

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