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Angry Birds creator Rovio swings to fourth-quarter profit, raises dividend

Angry Birds creator Rovio swings to fourth-quarter profit, raises dividend

Angry Birds game characters are seen at the Rovio headquarters in Espoo, Finland March 13, 2019. Picture taken March 13, 2019. REUTERS/Anne Kauranen/File Photo

HELSINKI: Rovio Entertainment, the maker of the "Angry Birds" games franchise, swung to a profit in the fourth quarter from a year-ago loss and said on Friday it would raise its full-year dividend by a third to 0.12 euros per share.

The Finnish company's operating profit stood at 2.9 million euros (US$3.5 million) for the October-December quarter, up from a loss of 0.1 million euros in the same period last year but down from a 12.8 million euro profit in the third quarter.

(This story corrects date to Feb. 19 from Feb. 18)

(Reporting by Essi Lehto, editing by Terje Solsvik)

Source: Reuters

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