Sweden-based gaming operator LeoVegas chalked a 60 percent revenue growth on the back of strong mobile gaming segment.

LeoVegas in a regulatory filing that its revenue period swings to €49.7 million ($58.2 million) in April to June 2017. This was higher compared to the €31 million ($36.37 million) posted in the corresponding period last year.

Earnings before interest, tax, depreciation and amortization (EBITDA) of Leo Vegas has bounced back to €6.1 million ($7.16 million) in the second quarter of 2017 compared to a loss of €2.5 million ($2.93 million) last year, with a heightened margin of 12.4%.

Gustaf Hagman, group chief executive and co-founder of LeoVegas, attributed the sharp rise of its revenue to the company’s reliance on mobile gaming, which has so far been profitable.