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Codere beats forecasts as net profit soars in 2011

5th March 2012 2:42 pm GMT

Spanish gaming operator Codere has outperformed its own forecast for the year, reporting a 22 per cent increase in revenues to €1,374.4m for 2011, following growth in Italy and Latin American markets including Argentina and Mexico.

Despite the challenging global economic environment, Codere said that it benefited from its growth initiatives in Latin America, in particular in Argentina and Panama, and a good performance in Italy which offset continued troubles in the Spanish market and the [...]

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