Zeal Network Pleased With 9m Results
By Casinomeister, Last updated Nov 18, 2016
Positive outlook in terms of growth opportunities in instant ticket lottery offering
ZEAL Network reported strong progress during its nine-month 2016 financial report saying the group's strategic outlook remains unchanged with attractive growth opportunities in ZEAL's target markets.
Key performance indicators for the nine-month period ending September 30, 2016 include:
– Total stakes of Euro 2014.1 million (9M/2015: Euro 195.2 million), up 5 percent and driven by underlying growth in the Group's B2C segment.
– Total operating performance amounting to Euro 101.2 million (9M/2015: Euro 91.9 million), an increase of 10 percent which was attributed to increased marketing spend.
– EBIT increased 13 percent to Euro 23.3 million (9M/2015: Euro 20.7 million)
– Earnings per share rose 90 percent to Euro 1.84
– Pay-out of the third interim dividend for 2016 amounted to Euro 0.70 per share
The group revealed the imminent launch of its business-to-business platform as license applications progress and concluded saying it expects full-year total operating performance to be Euro 125-135 million and full-year EBIT to be Euro 25-35 million.
Online Casino News Courtesy of Infopowa
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