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LeoVegas profit beats consensusin Q3

LeoVegas AB (publ) said its third-quarter normalized net income amounted to €5.9 million, an increase from €581,880 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 14.9% from 2.6% in the year-earlier period.

Total revenue rose 75.8% on an annual basis to €39.7 million from €22.6 million, and total operating expenses grew 39.8% on an annual basis to €30.3 million from €21.7 million.

Reported net income increased year over year to €9.2 million, or 9 cents per share, from €958,500, or 1 cents per share.