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International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 15:17

Estonian casino operator OEG profit grew in H1

BC, Tallin, 29.07.2014.Print version
Estonian casino operator Olympic Entertainment Group (OEG) informed the Tallinn Stock Exchange that in the first half of 2014, its consolidated net profit attributable to equity holders of the parent company totalled EUR 10.3 million compared to EUR 9.7 million a year ago, informs LETA.

The group’s consolidated sales revenues for the first half of 2014 amounted to EUR 72.0 million, up 7.2% or EUR 4.8 million year-on-year.


Gaming revenues accounted for 94.0% (EUR 67.7 mln) and other revenues for 6.0% (EUR 4.3 mln) of the group’s consolidated sales revenues for the first half of 2014. A year before the revenue split was 93.3% (EUR 62.6 mln) and 6.7% (EUR 4.5 mln), respectively.


The group’s consolidated EBITDA for the first half of 2014 amounted to EUR 16.7 million, a growth of 0.2% from EUR 16.7 million a year before. At the same time, the group’s consolidated operating profit increased EUR 0.2 million (+1.4%) to EUR 12.6 million.


OEG operates in Estonia, Latvia, Lithuania, Poland, Slovakia, Belarus and Italy. As at 30 June 2014, the group employed 2,593 people, up by 32 year-on-year mostly due to expansion in Italy.






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