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Net Entertainment 2012 Fiscals Show Solid Growth

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."

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