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Bwin.party H1 Pre-Tax Loss Widens; Revenues Down - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

bwin.party digital entertainment plc (BPTY.L) Friday reported half yearly pre-tax loss of 100.5 million euros, wider than 9.1 million euros last year.

Loss for the period attributable to equity holders of the parent was 92.8 million euors or 11.4 cents per share, much wider than 10.6 million euros or 1.3 cents per share a year ago.

The latest results reflected impairment losses of 94.7 million euros.

However, on an adjusted basis, the company posted clean earnings per share of 3 cents versus 4.2 cents a year ago.

Total revenue for the period was down to 317.1 million euros from 342.5 million euros, reflecting shift from ''volume to value'', a soft international poker market and the loss of 11.9 million euros of revenue from Greece following the closure of that market.

The board declared a half year dividend of 1.89 pence per ordinary share, representing a 5 percent increase over the prior year. The dividend will be payable on October 10, to shareholders on the register on September 12.

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