Iao Kun Group Holding Co Ltd (IKGH) reported quarterly earnings results on Tuesday, Jun-7-2016. The company said it had a profit of $0.01 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $-0.04. The company posted revenue of $17.90 million in the period. The company’s revenue was down -57.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.
Iao Kun Group Holding Co Ltd opened for trading at $1.66 and hit $1.66 on the upside on Friday, eventually ending the session at $1.65, with a gain of 2.48% or 0.04 points. The heightened volatility saw the trading volume jump to 3,897 shares. Company has a market cap of $103 M.
Iao Kun Group Holding Company Limited (IKGH) is a holding company that operates through its subsidiaries and related promoter companies as a VIP room gaming promoter. The Company operates through eight wholly owned subsidiaries. The principal business activities of the subsidiaries are to hold profit interest agreements with the Promotion Entities that assign the profit streams from the gaming related businesses of the Promotion Entities to the subsidiaries. The Company’s subsidiaries include Foxhill Group Limited (Foxhill) Kasino Fortune Investments Limited Well Mount International Limited Link Bond International Limited Billion Boom International Limited Super Number Limited Jubilee Dynasty Ltd. and Frontier Champion Limited. The Promotion Entities includes Sang Heng Gaming Promotion Company Limited King’s Gaming Promotion Ltd. Sang Lung Gaming Promotion Company Limited Bao Li Gaming Promotion Ltd. and Chan Yan Hung (L’Arc Promoter).