Poydras Gaming Finance Corp. Announces Earnings Results for the Second Quarter Ended June 30, 2016; Reaffirms Earnings Guidance for the Year 2016
August 25, 2016 at 05:30 pm EDT
Poydras Gaming Finance Corp. announced earnings results for the second quarter ended June 30, 2016. For the quarter, the company reported net loss of $946,103 compared to $1,530,182 a year ago. Adjusted EBITDA was $1,988,157 compared to adjusted LBITDA of $142,830 a year ago. Revenue was $3,390,891, representing an increase of 272% compared to $910,465 a year ago.
The company remains on target to meet its 2016 adjusted EBITDA target of $10 million.