iGaming Business – Greek gambling monopoly OPAP has reported better-than-expected leads to the second one quarter despite having been hit by a retroactive tax bill of €21.6 million ($28.5 million) within the period.
The bill dates back to the 2010 fiscal year wherein the firm had amounted tax charges of €29.6 million, with the operator having only paid €9 million of the overall bill so far.
After agreeing a handle the Greek government to delay payment of the rest balance until the second one quarter of this year, OPAP must now complete full payment by the tip of the quarter.
As due to the this tax hit, OPAP recorded a drop in net profit, which fell 44.5% to €15.7 million.
However, it was in a position to post growth elsewhere after recording earnings before interest, tax, depreciation and amortisation (EBITDA) of €68.6 million, that is up 50% at the amount recorded in same period last year.
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