Online gambling operator Kindred Group is warning investors that it stands to make a lot more money than expected in the third quarter.

On Friday, the Stockholm-listed Kindred issued a preview of its financial performance in the three months ending September 30. The company said gross winnings revenue will likely rise 24% year-on-year to an all-time high of £280m, while earnings will effectively double to £73m-£75m.

It’s worth noting that Kindred’s Q3 2019 wasn’t exactly a stellar period for the company, with revenue down 2% and earnings falling one-third as it adjusted to Sweden’s new regulated market and the loss of its Dutch-facing payment processing options. 

The official results won’t be released until November 6, but investors liked what they heard, pushing Kindred’s share price up 10% by Friday’s close, with a total gain this week of around 15%.