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Higher costs lead GVC Holdings to H1 profit decline

28th September 2010 8:38 am GMT

GVC Holdings plc said Tuesday that it remains cautiously optimistic about the company’s prospects for the rest of the year despite operating profit falling 75 per cent to €2.0m for the first half of 2010, as a result of a near doubling in operating costs and significant increases in marketing and affiliate costs during the period.

GVC said that total net gaming revenues (NGR) rose by 8 per cent to €28.1m for the six month period, [...]

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