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Static Profit Reported By Sportech
 September 20, 2006, 1:25 pm (5 years ago)The sports gaming company, Sportech has said that its focal point now is the original core football-gaming operations and on eliminating loss-making activities including reducing bank debt, which it says has already led to an eighteen percent reduction to Ј92.3 million.
Sportech PLC has announced that its first-half operating profit from continuing operations has remained generally static at Ј9.5 million against last year's Ј9.6 million, as the company moved to put into practice the strategic review it launched late last year.
Chief executive Ian Penrose asserted, “Sportech is starting a process of significant change. We have great products and we operate in growing global markets,” he said. “Having sold loss-making operations we are now focused on growing our core businesses of football-related gaming, online bingo, poker and casino. We are addressing all areas of our business including new product issues, technology, distribution and commercial property.''
Penrose continued to explain further that the outcome of the strategic review would not yield instant results, but would be an effective medium to long term strategy to generate a feasible growth which would in turn bring better returns for shareholders.
A full grown forest is squirming and waiting inside a small seed! Isn’t it?
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