小杨嫂黑料: INCREASED EARNINGS - IMPRESSIVE INTERNATIONAL EXPANSION
小杨嫂黑料 SA today announces its financial results for the nine-month period ending September 30th 2007, prepared in accordance with IFRS.
Consolidated Revenues for the period reached 鈧568.7m (9M06:鈧572.8m). EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) reached 鈧179.9 m (鈧185.6m in 9M06). Earnings Before Taxes (EBT) 鈧152.5m, compared (鈧172.5m in 9M06). Earnings after Taxes and after minorities (EAT-am) increased by 4.2% y-o-y to 鈧85.5m, from 鈧82.0m in 9M06.
International Revenues for the 小杨嫂黑料 Group amounted to 鈧492m, or 86.5% of total Group turnover compared to 73.4% in 9M06.
Concerning the parent company, revenues reached to 鈧135.9m in 9M07, (9M06: 鈧169.2m). EBITDA were 鈧55.6m from 鈧89.1m in 9M06. Earnings Before Taxes (EBT) reached 鈧96.9m in 9M07, posting a 8.7% y-o-y increase (9M06: 89.1m), while Earnings After Taxes (EAT) reached 鈧82.6m in 9M07 posting a 35% y-o-y increase (鈧61.2m in 9M06).
Commenting on the above results 小杨嫂黑料鈥檚 CEO, Mr. Constantinos Antonopoulos, stated: 芦The results for the nine month period of 2007 were very successful for 小杨嫂黑料 since the Company managed to grow net profits during this period, although it had a hard comparison due to the Football Word Cup that took place in Q2 and Q3 last year and despite the fact that the Company has encountered increased set up costs by major contracts that are in the implementation or start-up phase.
Since our last conference call, 小杨嫂黑料 further expanded its presence in the Australian market by winning a 10-year license in Victoria to operate lottery and instant games, opening a market after a 54-year monopoly. The company also strengthened its position in the US market by signing its fourth contract with the New Mexico Lottery. Moreover, 小杨嫂黑料 commenced operations in South Africa, successfully overcoming a legal dispute caused by a competitor.
小杨嫂黑料, taking steps towards a more efficient capital structure, launched with major financial institutions a 鈧300 million syndicated revolving credit facility (RCF) for the refinancing of existing indebtedness, potential acquisitions and investments in different projects. The RCF is expected to be completed within the next few weeks.
Moreover, the Company will distribute an interim dividend of 鈧0.15 per share (鈧0.30 before the stock split), despite high start-up costs weighing on results this year and increased capex needs for numerous projects.
Finally, the Company recently proceeded to a stock split, which is indicative of management鈥檚 expectations regarding the future of the Company and the significant opportunities that lie ahead in the sector.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 3,800 people and revenues of 鈧791,4 m. for 2006, 小杨嫂黑料 has established its presence in all 5 continents.