GOOD DEED IN GREECE

23 November 2007

State monopoly's charity donation impacts bottom line


The Greek government's state gambling monopoly OPAP showed its charitable side this year with a donation of Euro 25 million to victims of the wild fires that ravaged the countryside this summer.

The donation is revealed in the company's latest third quarter results which reported a 12 percent fall net profits to Euro 112.1 million, which it attributed to the one-off donation to victims of the recent wild fires.

Excluding the donation, net profit in the quarter rose 2.8 percent to Euro 130.8 million.

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