BUSINESS

OPAP Q2 net profit drops 34 percent

TAGS: Business

Greece-based OPAP, Europe’s fifth-biggest betting firm, posted on Tuesday a 34 percent drop in second quarter net profit compared to the same period in 2016, hurt by a one-off litigation charge and rising operating costs.

Net profit came in at 22 million euros, down from 33 million in the same period a year ago. Gross gaming revenue dropped 2.5 percent to 330 million euros.

[Reuters]

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