OPAP Sales in Q3 Rise for First Time in Three Years
Thursday, 21 November 2013
Greece's gambling monopoly OPAP posted a better-than-expected third quarter profit, as sales from its betting products improved for the first time in three years, Reuters reported.
A new management took over OPAP in October the government sold its 33% stake to Czech-Greek fund Emma Delta for 652 million euro.
Third-quarter net profit fell 61% to 44.4 million euro ($60.05 million), the news agency reported. Sales rose for the first quarter in three years, by 0.7% to 897.6 million euro.
The company keeps its outlook for full-year earnings before interest, tax, depreciation and amortisation (EBITDA) of 242 million euro.