Kino, Stoichima sales up OPAP Q4 profit 13 percent

OPAP, Europe’s third-biggest traded gaming company, said yesterday fourth-quarter profit rose 13 percent on increased sales from its two biggest games. Net income climbed to 174 million euros from -154.4 million a year earlier, OPAP said in a bourse filing. That beat the -165.6 million median estimate of eight analysts in a Bloomberg News survey. Sales from the company’s Kino numbers game rose 30 percent to -707.8 million, while revenue from fixed-odds sports betting game Stoichima advanced 21 percent to -664.8 million. That exceeded the median analyst estimates of -637.4 million and -605.3 million, respectively. OPAP said it would have reported profit of -192.8 million in the period if it hadn’t paid a -25 million donation for victims of August forest fires in Greece. Full-year profit rose 12 percent to -571 million as the company paid less tax. (Bloomberg)

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