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Net Entertainment shares fall on Q1 earnings warning

11th March 2011 9:57 am GMT

Shares in Swedish online casino developer Net Entertainment dropped nearly ten per cent in Stockholm this morning after the company warned that it expects EBIT margin for the first quarter to be lower than in the fourth quarter of last year.

Net Entertainment said that the decline in its EBIT margin was due to “delayed revenues from regulated markets in combination with increased product development and the strengthened Swedish currency.”

EBIT margin is a profitability measure equal [...]

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