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Net Entertainment announced its results for the six month period ended June 30 2011
Monday July 18, 2011 : NET ENTERTAINMENT DELIVERS H1 RESULTS
Positioned for growth
Swedish online gaming developer and provider Net Entertainment announced its results for the six month period ended June 30 2011, this week.
Key performance indicators include:
- Increase in Revenues by 10.2 percent to SEK 195.1 million (H1/2010: SEK 177.1 million)
- Operating profit of SEK 53.5 million (H1/2010: SEK 68.6 million)
- Operating margin was 27.4 percent (H1/2010: 38.7 percent)
- Profit after tax amounted to SEK 48.0 million (SEK 61.4 million)
- The period under review resulted in two new license agreements and the launch of four new customer's casinos.
Net Entertainment is looking forward to the opening of the Italian online casino market where its customer base represents a significant market share. The company holds agreements with operators Gioco Digitale, bwin.it, Microgame and Intralot that are ready for launch once formal approval is given by the Italian regulator AAMS.
The gaming firm’s mobile casino games development is progressing and launch of its first games are scheduled during the remainder of 2011.
Johan Öhman, President and CEO, Net Entertainment said: "Overall Net Entertainment is well positioned and I expect we will see the results from the investments we have made in the business in the coming quarters."
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MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
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