Net Entertainment Shows Strong Second Quarter

netent net ent 2Per Eriksson, president and chief executive of Net Entertainment (NetEnt), has revealed that the company was able to achieve ‘strong’ year-on-year growth in the three months to June 30, with the firm now significantly better off than it was this time last year.

Revenue in the second quarter of this year amounted to SEK271.2 million (€28.9 million/$32.1 million), up 32.3% on the SEK205 million that the firm posted in the corresponding period last year.

Operating profit in the second quarter also grew 63.3% on a year-on-year basis to SEK92.7 million, with operating margin improving from 27.7% last year to 34.2% in the most recent quarter.

In addition, profit after tax hiked 64.9% to SEK86.5 million.

The second-quarter success helped boost NetEnt’s overall performance during the first half of the year, with the company now some way ahead of where it was at the same point in 2014.

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