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OPAP net profit slumps following tough first quarter

24th May 2013 7:55 am GMT

Greek gaming operator OPAP has reported a 71 per cent drop in net profit to €38.9m for the first quarter of 2013, with the company maintaining its net profit guidance of €116m for the full 2013 year.The company reported an 18 per cent drop in first quarter revenues to €869.3m, with only the company’s Lotto game posting year-on-year growth during the period.OPAP said that revenues were impacted by the harsh local macroeconomic environment in Greece, [...]

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