Entraction Reports Rise in Profits for First Half of 2008
August 28, 2008 (InfoPowa News) — Entraction, the Swedish betting group formerly known as 24hPoker, has joined the growing number of public companies reporting good online casino results. In its half -yearly report this week, casino revenues were the stars of the reporting period, showing a gain of 285 percent to SEK 26.3 million (H1 2007: SEK 6.9 million)
The group's net profits rose to SEK 15.8 million for the six months to June 2008, up from a loss of SEK 11.1 million for the same period in 2007. Net sales rose to SEK 157.1 million (SEK 106 million in H1 2007) with operating margin up a healthy 10.5 percent (in 2007 margin was in negative territory at -11.3 percent).