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Entraction to initiate Q3 costs savings as poker falls 36%

27th August 2010 9:11 am GMT

Sweden’s Entraction AB said Friday that it will initiate a cost savings programme during the next quarter as it looks to return to “good” profitability following significant declines in both net sales and profit for the second quarter ended June 30th.

Entraction posted a 27 per cent drop in net sales to SEK78.4m (€8.3m) for the second quarter, which the company attributed to currency exchange losses and the closure of Cardroom2 which contributed SEK8.0m in the [...]

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