Net Entertainment 2012 Fiscals Show Solid Growth

This story was published more than 7 years ago.

Internet betting software developer Net Entertainment has released its 2012 Annual Report, noting large jumps in revenue and expressing a positive outlook for 2013.

Key financial indicators for the year were:

  • Revenues up by 23.2% to SEK 526.7 million (2011: SEK 427.6 million).

  • Operating profit amounting to SEK 153.1 million (2011: SEK 129.7 million), up 18%.

  • The operating margin was 29.1% (2011: 30.3%).

  • Profit after tax amounted to SEK 133.3 million (2011: SEK 115.6 million)

  • Earnings per share amounted to SEK 3.37 (2011: SEK 2.92) before and after dilution

  • Proposed transfer to shareholders of SEK 2.25 (2011: SEK 2.00)

The full annual report can be accessed on the firm's website at: http://www.netent.com/wp-content/uploads/2010/12/netent-annual-report-20...

Speaking about the new year, Net Entertainment CEO Per Eriksson said: "Only a few months of 2013 have passed, and we are off to an excellent start. We know where the potential is and what we need to do."

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.