Fortuna Posts Impressive Results

Online and retail sportsbook operator Fortuna Entertainment Group in Central and Eastern Europe reported a 34.5 per cent rise in net income in the first half of 2013.

The firm reported a net profit of €7.6 million ($10.1 million), just below analysts’ expectations of a 37% rise.

The group explained the increase by citing higher amounts staked by customers and a lower loss on the company’s lottery business.

Gross winnings grew by 4.1% to €57.4 million on a 20.4% rise in amounts staked to €275.9 million – greater than the €276.4 million predicted by analysts.

Elsewhere, earning before interest, tax, depreciation and amortisation increased by 27.4% to €12.9 million.

bitcoin
Bitcoin (BTC) $ 42,344.00 3.12%
ethereum
Ethereum (ETH) $ 2,933.72 5.11%
tether
Tether (USDT) $ 1.01 0.47%
cardano
Cardano (ADA) $ 2.13 3.81%
binance-coin
Binance Coin (BNB) $ 342.66 1.78%
xrp
XRP (XRP) $ 0.937399 2.33%
solana
Solana (SOL) $ 134.97 8.00%
usd-coin
USD Coin (USDC) $ 1.01 0.50%
polkadot
Polkadot (DOT) $ 27.90 3.73%
dogecoin
Dogecoin (DOGE) $ 0.202839 1.59%
S&P 500  ^GSPC 
$4,397.96  $45.15  (-1.02%)
Dow Jones Industrial Average  ^DJI 
$34,635.38  $233.99  (-0.67%)
NASDAQ Composite  ^IXIC 
$14,743.02  $226.95  (-1.52%)
Russell 2000  ^RUT 
$2,264.85  $16.15  (-0.71%)
Crude Oil Nov 21  F*CL.NYM 
$76.05  $0.6000  (0.80%)
   
$0.0000  $0.0000  (0.00%)