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Copyright 2004 The Financial Times Limited
Financial Times (London, England)

November 6, 2004 Saturday
London Edition 1

HEADLINE: Poker proves winner for CryptoLogic SMALL CAPS

BYLINE: By PETER JOHN

BODY:
   CryptoLogic, the internet gaming software developer, announced better-than-forecast third-quarter results, driven by the rapid growth of its online poker product and a solid performance by the internet casino business.

   Online poker fees from its WagerLogic software licensing subsidiary increased more than 55 per cent from the previous quarter and represented more than 20 per cent of total third-quarter revenue.

   Quarterly sales rose 43 per cent to Dollars 15.6m (Pounds 8.5m), pre-tax profit to Dollars 3.4m (Dollars 2.5m) and earnings per share from 18 cents to 22 cents. The shares rose 70p to 962 1/2p yesterday. Peter John

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