Revenue stood at RON262.1 million, up 180.2%, ZF has calculated based on the data in the first-half financial report published on the Bucharest Stock Exchange.
Operating expenses increased by 181% year-on-year to RON292.8 million, resulting in a loss of RON24.6 million, compared with a loss of RON6.9 million in the same period of 2021.
In the first half of 2022, the group recorded a gross profit of RON13.2 million, before goodwill amortization expenses and adjustments related to intra-group transactions, in line with the adjusted forecast and the pandemic situation still incident.
Stanleybet’s management believes that operating results are in line with expectations and expects an improvement in sales for the second half of the year. On an individual basis, Stanleybet Capital recorded a net profit of RON7.5 million in the first six months of 2022.
The group acquired 500 standalone betting terminals in spring 2022. 198 terminals were installed in its own shops in the first half. At the date of the report, it had 396 betting terminals installed and running in its shops.
(English version by Loredana Fratila-Cristescu)