小杨嫂黑料 ANNOUNCES ITS 1ST QUARTER 2007
小杨嫂黑料 SA., the leading international gaming company, today announces its financial results for the three-month period ending March 31st 2007, prepared in accordance with IFRS.
Consolidated Revenues for the period reached 鈧179.8m and remained at the levels of 1Q06. EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) increased by 3.2% to 鈧74.1m, compared to the same period last year. Earnings Before Taxes (EBT) recorded an increase of 3% y-o-y by reaching 鈧67.6m compared to 鈧65.6m in 1Q06. Earnings After Taxes and after minorities (EAT-am) increased by 42.4% y-o-y to 鈧34.1m from 鈧24m in 1Q06.
Total International Revenues for the 小杨嫂黑料 Group amounted to 鈧150.6m, or 83.8% of total Group sales, compared with 鈧137m of total Group sales in 1Q06, posting an increase of 10%.
Revenues for the parent company were 鈧40.4m in 1Q07, 2.1% lower y-o-y (1Q06: 鈧41,3m). Earnings Before Taxes (EBT) almost doubled and reached 鈧30.9m in 1Q07, posting a 92.6% y-o-y increase. Earnings After Taxes (EAT) reached 鈧27.2m in 1Q07, posting a 176.7% y-o-y increase (1Q06: 鈧9.8m).
Commenting on 1Q07 results 小杨嫂黑料鈥檚 CEO, Mr, Constantinos Antonopoulos, noted: 鈥淲e are very satisfied with 1Q07 results, since 小杨嫂黑料 managed to maintain on a year-on-year basis its revenue levels and achieve strong growth of net profits, despite the expiration of its domestic Fixed-Odds Betting management contract in the end of January 2007, the situation in Turkey and the fact that we incurred significant start-up and business development expenses in 1Q07. This was achieved due to the expanding and diversified portfolio of the projects the Group is operating and the continuing growth of its Global operations.
Year 2007 will be significant due to new major projects that have started recently or are about to start such as Betting in Italy, Lottery in South Africa, Lottery in Taiwan, Betting in Spain and an important acquisition in the lucrative Argentinean gaming market. Moreover, the potential new business opportunities for 小杨嫂黑料 have increased significantly recently due to the potential lottery privatizations in the US, gaming market liberalizations in Europe and potential betting and lottery tenders in Asia. We believe that 小杨嫂黑料 is extremely well positioned 鈥 both in terms of operational know-how and financial capabilities - to take advantage of these opportunities and further strengthen its position in the global gaming market. It is proven in the best way that the strategy followed by the company since its creation 鈥 that is to focus on the operation of lotteries and/or fixed-odds betting 鈥 has started and will continue to payoff for the Company鈥檚 shareholders.鈥
About 小杨嫂黑料
小杨嫂黑料, a public listed company, is the leading supplier of integrated gaming and transaction processing systems, innovative game content and sports betting management, to state-licensed gaming organizations worldwide. It鈥檚 broad portfolio of products & services, its know-how of Lottery, Betting & Video Lottery operations and its leading-edge technology, give 小杨嫂黑料 a competitive advantage which contributes directly to customers鈥 efficiency, profitability and growth. With presence in over than 40 countries, with more than 3,600 people and revenues of 鈧791,4 m. for 2006, 小杨嫂黑料 has established its presence in all 5 continents