Online casino software company NetEnt reports all-round growth

NetEnt Q2 results show an all-round increase in revenues, further strengthening the online casino software company's position.

One of the worldwide leaders in online casino software solutions, Swedish NetEnt, published its Q2 financial results. The figures show an increase in all sectors. Overall revenues of the company grew by twelve percent. Operating profit increased to SEK 27.2m from 26.3m in 2010. Profit after tax went up to SEK 25.1m compared to 22.9m last year.

Johan Ohman, President and CEO of NetEnt, had the following to say: “The development in the second quarter was primarily a result of growth from the existing customer base. Excluding revenues from France (that in June 2010 introduced a regulatory framework that excludes casino games) revenues increased 25 percent. The number of game transactions continued to increase and amounted to 1.9 billion, an increase of 30 percent compared to the same period 2010.”

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