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Flycell Quarterly Financial Growth Continues with Most Successful Quarter in Company History

Posted by Dana in November 28th 2009

Flycell, Inc., a leading mobile and online entertainment content company, announced quarterly financial results citing Q3 2009 as the most successful quarter in the company’s five year history, with an impressive 87 percent increase in revenue over Q3 2008. Despite the economic downturn, Flycell once again reported double-digit growth, including growth in each of its existing countries of operation. Revenue for the first three quarters of 2009 is already a full $23 million more than the results for all of 2008, the most successful full year Flycell has had to date.

Flycell’s parent company Acotel Group (MIL: ACO) reported Flycell took in over $43 million in revenue in Q3 2009 as compared to $23 million earned in Q3 2008. Last quarter Flycell reported $39 million in revenue, giving the company revenue of $103 million for the first three quarters of 2009. Flycell reported 75 million in 2008. With revenues for the first three quarters of 2009 already more than 37 percent over the annual total for 2008, Flycell continues to be a growing and profitable enterprise.

In its report for the quarter ending September 30, Flycell’s parent company Acotel, stated its “earnings revenue of €39,112 thousand marks a 67 percent increase on the third quarter of 2008, reflecting the positive performances achieved primarily by Flycell, Inc.”