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Net Entertainment maintains strong growth but margin dips

12th July 2013 10:49 am GMT

Online casino developer Net Entertainment saw its share price fall sharply Friday morning after posting its financial results for the second quarter.

The company posted a 12.6 per cent increase in revenues for the second quarter of 2013, but profit margin declined as higher operating expenses offset the revenue gains. Second quarter revenues rose from SEK132m last year to SEK147.8m (€17 million), despite the traditional “low season” in early summer, while operating expenses climbed by 19 per [...]

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