« News index »
NET PROFIT DOWN IN Q2-2013 FOR TIPP24
08th August, 2013 at 14:33:44
Shareholders happy with move to London
German online gambling group Tipp24 SE has posted Q2-2013 statistics, claiming that it has maintained successful progress in the first half of 2013, and anticipates meeting full-year expectations.
Consolidated revenue - generated almost entirely abroad - was up 12.1% to Euro 76.4 million (prior year: Euro 68.2 million), while consolidated EBIT of Euro 21.4 million fell well short of its prior-year level of Euro 38.5 million.
Last year's result included special items with a positive effect on income of Euro 18.2 million from the spin-off of Lotto24 AG, and the EBIT margin fell for the same reasons from 56.5% to 28.1 percent. As a consequence, consolidated net profit of Euro 15.4 million was also down on the previous year (Euro 30 million).
Net profits of Euro 6.4 million in Q2 2013 were significantly down from Euro 21.3 million in the same 2012 period.
Earnings per share from continued operations amounted to Euro 1.89 (Euro 3.65) in the reporting period.
The company announced that it had shareholder approval for the relocation of the company's registered office to London. The company is planning the move as a logical consequence of its strategic realignment with a clear focus on international business.
Related News Tags: Germany
INDONESIAN ONLINE GAMBLING BUST
21st March, 2017 at 14:44:19
Nets three suspects.
ENERGYCASINO TAKE ON LIVE DEALER SOLUTION FROM EVOLUTION GAMING
20th March, 2017 at 15:15:56
Expanded live casino offer for UK market.
SECOND GERMAN STATE TREATY ON GAMBLING APPROVED BY BUNDESTAG
17th March, 2017 at 14:21:15
Lower house rejects European Commission opinion that latest gambling reform proposals are not viable.
MYBET BOOSTS LIVE CASINO WITH EVOLUTION GAMING
14th March, 2017 at 06:37:43
Forms part of a wider revamp across the mybet brand.
POKERSTARS CASINO MAKES THREE MILLIONAIRES IN ONE MONTH
10th March, 2017 at 19:59:37
Over $4.2 million won from million dollar jackpots at PokerStars Casino in 27 days from end-January to end-February this year..