Net Entertainment AB, the software developer for internet gambling has issued reports of its financial records for the 1st six months of this year which showed great increases and recorded an all time high record in revenue.
The financial records of the software developer that is based in Stockholm has revealed that the company has earned a total of 259.5 million SEK in revenues which is equivalent to 36.91 million dollars from the 1st of January to the end of June which represents the first half of 2012.
This number represents an increase of thirty three percent from the revenue of the same period of 2011. The operational profit reached a total of 79.7 which is equal 11.33 million dollars which is an increase of a stunning forty-nine percent from the same period of last year.
The company has entered several license agreements and has launched 8 new online casinos during the 1st half of 2012. The company has stated that the operating margin for the first six months of this year has increased by 3.3% from the operation margin of the same period of 2011 and has reached thirty percent.
As for the profit that the company gained after the deduction of taxes, has increased by 48.7% compared to the first half of 2011 as it reached a total of 71.5 SEK which is equal 10.15 million dollars.
According to the President of the company, Per Eriksson, the company continues to show significant improvement and development through the 2nd quarter of this year.