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Unibet profit falls 55% in Q3 as revenue growth slows

31st October 2012 9:00 am GMT

Sweden’s Unibet Group plc has reported a 55 per cent drop in net profit to £3.4m for the third quarter of 2012, following its one-off payment to the Spanish tax authorities as well as higher operating costs and betting duties incurred during the period.

Gross winnings revenue (GRW) increased by 16 per cent to £43.8m, with revenues negatively impacted by currency exchange movements.

“Gross winnings revenues in the third quarter were impacted both by the late start [...]

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