Fatfish’s Swedish Listed Subsidiary Abelco Reports Record Profit for FY2020 – A$15.1million Profit, 526% Up

Highlights:

•  Abelco has reported profit after tax of A$15.1 million in FY2020, 526% up from a loss of A$3.5 million in FY2019.
•  The successful turnaround is mainly attributable to Abelco’s strategy to dispose of non-profitable subsidiaries, as well as appreciation of value of key investments, including that of iCandy Interactive Limited
•  FFG is pleased with Abelco’s positive financial results, and will continue to develop strategies and intiatives at Abelco to create shareholders’ value.
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