15
Feb
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Net Entertainment Results Released


The online games developer Net Entertainment has been busy bringing out new games in the last year but now it is time to bring out their financial results.

The figures which have just been released are for the end of 2012 and one of the headline figures on them is the 19.5% increase in revenue earned by the Swedish firm. The total amount of revenue jumped from SEK 121.1 million (all of the figures are in Swedish Kroner) in 2011 to 144.7 million last year.

Other figures which jump out at the reader include an operating profit of SEK 37.2 million (down from 42.2 million) and an operating margin which went down from 34.9% to 25.7%. The overall profit after tax was taken into account added up to SEK 31.1 million, which is less than the 36.6 million from last year.   

Lots of New Initiatives

Among the best news conveyed by the firm was the fact that they have signed license agreement for 5 new customers to use their games, while 2 new online casinos using their games have been launched in the last year.

The company picked out the agreement with Paddy Power as one of the highlights of their year, while this was and Boylesports were the two which say the light of day in 2012. The Net Entertainment selection of slots games also reached Italian players for the first time in 2012 and their Live Casino was put out to the public with a couple of beta customers already on board.

CEO Per Erikkson mentioned that the jackpot on Mega Fortune reached a new world record figure of €17.8 million.

Categorised Under: General Gambling News
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