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INTRALOT profit slumps in Q1 despite revenue gains

15th May 2014 7:43 am GMT

Greek lottery and gaming supplier INTRALOT has reported an 80 per cent drop in net profit for the first quarter of 2014, despite seeing revenue climb 25 per cent to €445.7m during the period.

INTRALOT Group CEO Constantinos Antonopoulos said that it was a “good start” to the year for the company, despite results being impacted by continued currency exchange headwinds.The company’s licensed operations saw revenue increase 37 per cent to €367.2m, while management contracts [...]

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