Entraction Pleased With Q3 Results
Published: Saturday, November 08, 2008 Online-Casinos.com
ENTRACTION PLEASED WITH Q3 RESULTS
Net sales and operating profits all up
The Swedish online poker network provider Entraction has delivered a positive quarter three report showing net sales up SEK 29.3 million up at SEK 86.2 million, and an operating profit of SEK 13.5 million compared to the same quarter last year when a SEK 100 000 loss was recorded.
Poker revenues contributed most of the company's income and reached SEK 58.7 million (Q3 2007: SEK 44.2 million). On the casino side, revenues soared over 300 percent to SEK16.2 million, up from SEK 6.1 million last time. Sports betting revenues disappointingly declined by SEK 400 000 to SEK 1.5 million.
Entraction's royalty income showed an upward trend, achieving a SEK 2.2 million increase and reaching SEK 5.4 million.
The network supports Boss Media in addition to its own room, and includes partners such as DevilfishPoker.com, Betdaq, VC, and Redbet, along with sports betting, casino, and bingo offerings.
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