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Tipp24 upgrades 2012 earnings estimate

6th August 2012 10:39 am GMT

Online lotteries operator Tipp24 has reported consolidated revenues of €68.2m for the first six months of 2012, down 0.5 per cent year-on-year, while at the same time upgrading its full year EBIT guidance to at least €48m.

The company said Monday that half year revenues fell to €68.2m from €68.6m a year ago, with the international segment contributing €68.19m of the total and its home market of Germany just €265,000.

Despite the small drop in revenues, [...]

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