Olympic Entertainment Gains Most in Five Months on Profit Rise
The stock rose as much as 6.6 percent at the opening of trade, the biggest gain since Feb. 8, and was 3.7 percent higher at 1.41 euros at 11:27 a.m. in Tallinn. Olympic has gained 42 percent this year, compared with an average rise of 6 percent for its eastern European consumer services’ peers, according to data compiled by Bloomberg.
Olympic said today second-quarter net income rose to 5.2 million euros ($6.4 million) from 4.2 million euros a year earlier, helped by cost cuts and rising revenue.
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