The logo of OPAP is seen on a sign inside a lottery shop in Athens August 12, 2013. REUTERS/Yorgos Karahalis
ATHENS (Reuters) - Greece's OPAP, Europe's second-biggest gambling company by stock market value, has posted a 26 percent rise in third-quarter net profit, helped by a new scratch card and cost cuts.
A six-year, austerity-induced recession at home and a hefty levy slapped on gross revenue last year had hurt OPAP in previous years. But cost containment and moves to rejuvenate its offerings are paying off.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
