Last six months or so have been the most fruitful for online gambling industry including sports betting and for that reason almost major operator could manage to see an impressive growth on YoY basis and leading online gambling operator, who has a specialization in various branches of gambling along with online sport betting, NetEnt is one such name that could enhance its financial results considerably in the last six months. Its president and chief executive Per Eriksson has revealed the latest financial results of the company and said company has seen a considerable growth in last six months on last year’s comparison. In fact, he highlighted revenue for the first half which is totaled €73.7 million or $82.1 million which is a clear 31.7% jump to the $61.73 million that they declared in the same period last year. This is not the surge in only revenue, perhaps it is compiled by the overall increase in both operative profit as well profit after tax which shows company has sustained its leading position in every sector of the industry.
Precisely speaking, operative profit is SEK250.5 million which is more than previous year figures by 43.6% and it includes 35.9% jump in operating margin as well. This could only happen after an immense hard work in the last quarter when we had the Euro competitions and in these three months their revenue got a jump to the tune of 29.8% to $41.05 million of the same period last year. Talking about the impressive financial results, Eriksson said, “Revenues and operating profit for the second quarter amounted to SEK 352 million and SEK122 million, respectively. Compared to the same period last year, revenues increased by 30% and operating profit rose by 32%.
“The second quarter featured strong demand for our products and strong growth. The number of gaming transactions in our systems amounted to a full 8.8 billion in the second quarter, representing growth of 36% compared to last year. The operating margin was 34.8% in the second quarter, which was an improvement compared to the previous year.”
