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Lucky lottery players cut Tipp24’s profit by 67%

5th November 2010 11:11 am GMT

Germany’s Tipp24 SE has recorded an 8.9 per cent increase in consolidated revenues for the first nine months of 2010 to €66.5m, but with customer winnings exceeding the statistical average, net profit for the period has fallen 67 per cent year-on-year to €8.4m.

The company said that revenues from its Spanish, Italian and UK websites now account for 96 per cent of total revenues, with Germany contributing just €2.3m in the period.

Tipp24’s consolidated EBIT fell by [...]

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