Olympic Entertainment 2011 Profit Grew to 13.8 Million Euros

Olympic Entertainment Group AS (OEG1T), the only publicly traded casino operator in eastern Europe, said 2011 profit grew almost 13 times from the previous year.

Net income grew to 13.8 million euros ($18.6 million), compared with 1.1 million euros in 2010, the company said today in a statement to the Tallinn stock exchange. Revenue grew 13 percent to 127.3 million euros from the previous year.

To contact the reporter on this story: Milda Seputyte in Vilnius at mseputyte@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.