Polish game developers T-Bull and Playway on the move

It appears that computer gaming companies T-Bull and Playway are making bold moves in an attempt to increase their revenues, according to reports in the Polish press on Monday. In mid-2017, T-Bull will offer PLN 20 million in shares on the WSE regulated market, the company reported. It claimed that the public offering is aimed at bolstering new development, and hence increasing employment. Trigon DM has signed a contract to conduct the public offering. Playway, which is listed on the main market of the WSE, meanwhile, announced that its consolidated net profit for Q3 was up by 17 percent y/y, to PLN 1.73 million, while revenues during the same quarter increased to PLN 4.59 million. It makes original games, featuring farm and mechanic themes for the Polish and international markets, while T-Bull specializes in racing-themed games for mobile devices. It claims that some 300,000 of its games are downloaded daily by mobile users.