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Net Entertainment reports stellar second quarter

13th July 2012 7:38 am GMT

Online casino developer Net Entertainment has posted a 32.2 per cent increase in revenues and a 45.5 per cent increase in operating profit for the second quarter, driven by setup fees for new deployments and higher spending by players.

Net Entertainment said Friday that revenues for the second quarter climbed from SEK99.9m a year ago to SEK132.0m, with operating profit climbing from SEK27.2m to SEK39.6m on an improved operating margin of 30 per cent.

Profit after [...]

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