Playtech’s 1st Half Results

online gamblingPlaytech, has issued its financial reports for the first half of 2012. The numbers indicate that the company has witnessed a one hundred and one percent increase in total revenue when compared to the same period of last year. The total revenues reached an outstanding 153.8 million Euros.

The gross income during the 1st half of 2012 also witnessed an increase of eighty six percent y-o-y as it reached an outstanding 176.5 million Euros. As for the earnings before deducting depreciation, tax and interest, it increased by 64% when compared to the first half of 2011 as it reached a total of 91.2 million Euros. The net profit of the first 6 months of 2012 also suffered an increase of sixty seven percent from the same period of 2011 as it reached 84.5 million Euros.

Commenting on the positive growth and outstanding performance of the company, Playtech stated that it has succeeded in making a powerful start to the 3rd quarter with an average daily revenue increase of twenty five percent from last year.

Playtech also announced that it was looking at the full year financial results with hope and confidence but it was afraid from the negative impact of the changes in the online gambling regulations in the Spanish market and the increase of expenses that resulted from it. The company is glad with the performance of the 1st six months of 2012 and it hopes to deliver more fantastic results.

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