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Tipp24 Serious drop in net profi
Saturday November 15,2014 : TIPP 24 ONLINE SPORTS BETTING GROUP BATTLES
Serious drop in net profit reflected in year-to-date numbers.
A small increase in revenues but a big dip in earnings before interest and tax (EBIT) recorded by Tipp24 in its nine months year-to-date numbers is unlikely to please investors.
In a statement released this week Management revealed that in the nine months to September 30 revenues barely increased at Euro 105.4 million (Euro 1.4.4 million last year) , but earnings before interest and tax plunged from Euro 26.2 million in the comparative period last year to just Euro 11.1 million in 2014 thus far.
Net profit dived from Euro 18.4 million last year to Euro 1.1 million in 2014.
The decline is attributed to increased personnel, financial, consulting, marketing and operational costs as the company tries to expand its business in wider fields.
CEO Dr, Hans Cornehl assured investors that the company was on-track to meet its revised forecast, and reported progress on the company's geographically based online lotto enterprise in Britain, GeoLotto, apparently undeterred by the lack of success the concept encountered in the past in Maritime Canada
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
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 -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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