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Codere shares slump following Q3 operating loss

17th November 2014 9:13 am GMT

Spanish gaming operator Codere has reported an operating loss of €15.4m for the third quarter of 2014, with revenue falling 7 per cent as a result of continuing currency exchange fluctuations.

Revenue rose 8 per cent versus the second quarter to €352.1m, marking the company’s first quarter-on-quarter revenue increase in two years since Q3 2012. Revenue would have increased 9 per cent year-on-year in constant currency terms.

The company incurred an operating loss of €15.4m for the [...]

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