Net Entertainment looks ahead positively

Swedish games developer Net Entertainment delivered its 2012 Year End results showing a positive performance and a bullish outlook for 2013.

Key performance indicators include:

●          Revenues up by 23.2 percent to SEK 526.7 million (2011: SEK 427.6 million).

●          Operating profit amounting to SEK 153.1 million (2011: SEK 129.7 million), up 18 percent.

●          The operating margin was 29.1 percent (2011: 30.3 percent).

●          Profit after tax amounted to SEK 133.3 million (2011: SEK 115.6 million)

●          Earnings per share amounted to SEK 3.37 (2011: SEK 2.92) before and after dilution

●          Proposed transfer to shareholders of SEK 2.25 (2011: SEK 2.00)

The firm is upbeat on its prospects for the new year with Per Eriksson, chief executive officer of Net Entertainment saying, “Only a few months of 2013 have passed, and we are off to an excellent start. We know where the potential is and what we need to do.”

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