Net Entertainment Posts Q1-2015 Results

NET ENTERTAINMENT POSTS Q1-2015 RESULTS

28th April, 2015 at 09:05:55
Source: http://www.azonlinecasinos.com

Strong performance from online gambling software provider.

The Swedish online gambling software developer and provider Net Entertainment has published its Q1-2015 results, reporting another strong performance that included the following highlights:

* Revenues for the first quarter increased by 37.1% to SEK 258.3 (188.4) million;

* Operating profit came in at SEK 81.8 (51.2) million, an increase of 59.8 percent;

* Operating margin was 31.7% (27.2%);

* Profit after tax reached SEK 74.2 (46.1) million, an increase of 60.9 percent;

* EPS were SEK 1.86 (1.17) before dilution and SEK 1.86 (1.16) after dilution.

Major achievements in the first quarter are listed as:

* 11 new Net Ent casino licence agreements signed, including Danske Spil in Denmark, Codere in Spain and Gamesys in the UK;

* Seven new customers' internet casinos were launched;

* Casino games were launched with Rational Group

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