Consolidated revenue rose 27.2% year-over-year to 459.8 million euros, compared with 361.5 million euros.
Intralot reported a net loss of 24.1 million euros in the first half of 2014 from a net profit of 2.6 million euros a year earlier.
Earnings before interest, taxation, depreciation and amortisation (EBITDA) in the first half of this year fell 8% year-on-year to 89.5 million euros. Discounting the negative currency exchange impact of 8.6 million euros would have resulted in EBITDA of 98.1 million euros in the first half of 2014, up 0.4% from the same period in 2013, Intralot said.
"As we completed the first half of 2014, we are very pleased with the extension of five of our existing contracts in North America, Australia and Asia and the addition of new major contracts in the United States," Intralot CEO Constantinos Antonopoulos said in a statement.
He added: "From a financial perspective, the group recorded significant growth in operating cash flow generation and a reduction in net debt in the second quarter. In addition, refinancing of syndicated loans extended the group's debt maturities, confirming the banking sector's confidence and support for its strategy and business outlook, as there are no refinancing issues for at least three years."
Last month, the company signed an agreement with Magnum Corp Sdn Bhd, a Malaysian gaming company, to extend it for another seven years with an option to extend it for two more years. The agreement concerns the procurement, installation, and support of an advanced integrated lottery system that supports up to 2,450 game terminals, among other items. Commercial operations are expected to begin in mid-2015.
Intralot is located in 57 jurisdictions and has more than 5.500 employees.
BY: 바카라사이트
