ECONOMY

OPAP posts drop in Q3 profit

opap-posts-drop-in-q3-profit

OPAP, Europe’s fourth-biggest betting firm, on Tuesday posted a 40 percent drop in third-quarter net profit, hurt by an austerity tax increase on its revenue.

Net profit came in at 29.3 million euros, down from 49.1 million euros in the same period a year ago.

[Reuters]