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L&G back to profitability
 April 26, 2009, 8:49 am (2 years ago)The land-based and online gambling group Leisure & Gaming plc has revealed upbeat FY 2008 outcome that holds total income up 70 %, and operating incomes return to the profitability.
The main Italian betting business in the group brought up the bottom line from Euro 3.5 million in 2007 to Euro 6.2 million in 2008 – an increase of some 77 %. Operating profits recovered from 2007’s loss of Euro 1.7 million to a profit of Euro 2 million in 2008.
CEO Richard Creed notified shareholders that the company was concentrated on entering the French market once the liberalization procedure is done in 2010, and advised that Greece was another market that the management felt had concrete possibility.
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