Game maker Huuuge jumps on Q3 core profit beat, M&A hopes
** Shares in Polish mobile game-maker Huuuge HUGP.WA jump as much as 6.9% after its Q3 results beat market expectations and it promised to be active on M&A market, analysts say
** In Q3, Huuuge's adjusted core profit fell 17.5% y/y, less than expected, to nearly $21 million, while its capital standing at $125 million provides it with wide range of options in terms of acquisitions, it said on Thursday
** "The company reported results 11% above consensus on adjusted EBITDA level and improved this metric by 7% quarter-on-quarter, despite erosion in revenues," Trigon analyst Grzegorz Balcerski says in a note
** Balcerski adds that Huuuge's initiatives focused on cost efficiency and M&A should be read as searching for growth outside of its existing products that have already reached their sales peak
** At 0838 GMT, the stock was up 4.7%, outperforming Warsaw's mid-cap index MWIG40 .MWIG40
Reporting by Mateusz Rabiega
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