Online gambling software outfit Net Entertainment set new revenue and profit records in Q1 as the company reaped the benefits of its expansion strategy.
Revenue in the three months ending March 31 rose 37.1% to SEK 258.3m (US $30.9m) while operating profit jumped 59.8% to SEK 81.8m and profit after tax soared 60.9% to SEK 74.2m. Operating margin improved 4.5 points to 31.7%. Net Ent CEO Per Eriksson credited 2015’s strong start to the …read more
Source:: Net Entertainment expansion strategy pays off as Q1 profit jumps 60.9%
Net Entertainment expansion strategy pays off as Q1 profit jumps 60.9%
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