November 27, 2018 / 3:36 PM / 19 days ago

OPAP third-quarter profit rises 18.5 on growing video lottery support

ATHENS, Nov 27 (Reuters) - OPAP, Europe’s fifth-biggest betting firm by revenues, saw its third-quarter net profit rise 18.5 percent, helped by its growing video lottery business.

Net profit in the July-to-September period stood at 39 million euros ($44.10 million), up from 33 million euros in the same period last year, OPAP said. The figure was in line with analysts forecasts.

Last year’s third-quarter net profit was downwardly revised to exclude a one-off gain. ($1 = 0.8844 euros) (Reporting by Angeliki Koutantou Editing by Karolina Tagaris)

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