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OPAP HAMMERED BY TAXES AND SMALLER DEPOSITS
30th August, 2013 at 05:12:08
Q2-2013 profit drops 78 percent
Higher taxes and the effects of the economic recession on player deposits hit Greek gambling monopoly OPAP's profits in Q2-2013 released this week, with y-o-y profits down 78 percent.
Net profit fell to Euro 28.4 million as sales dropped 12% year-on-year to Euro 875 million, slightly better than analysts' Euro 863-million average forecast.
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