Opap Q2-2013 profit drops 78 percent

Friday August 30,2013 :  OPAP HAMMERED BY TAXES AND SMALLER DEPOSITS
 
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 percent year-on-year to Euro 875 million, slightly better than analysts' Euro 863-million average forecast.