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August 18, 2008 (InfoPowa News) — The Swedish online gambling software provider Net Entertainment delivered sterling half yearly 2008 results to its investors this week, showcasing a rise in revenues over the first six months of the year of 44 percent to SEK 90.5 million (H1: 2007 SEK62.9 million) and after tax profits up 47 percent to SEK 32.9 million (H1:2007 SEK 22.3 million)
Eight new license agreements for the company’s popular CasinoModule system were signed in the period, prompting CEO Johan Ohman to comment: “More progress in sales combined with strong sales growth marked the first half of 2008 for Net Entertainment. A total of eight new license agreements for CasinoModule were signed, with among others, bet-at-home.com, an influential European online operator. Our efforts to address new market segments and tier 1 operators have proven highly productive largely due to our strong, competitive product portfolio.”
The company’s second quarter results were also positive, with an increase in revenues of 62 percent to SEK 48 million, yielding after tax profits of SEK 17.5 percent — a rise of 61 percent. Four of the new licensees were signed in the second quarter. At the end of the quarter, the company had a backlog of 13 licensees whose casinos will be ready to open in the autumn.
