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Intralot Q3 loss widens 76.1% YOY

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Intralot Q3 loss widens 76.1% YOY

Intralot S.A. Integrated Lottery Systems and Services said its normalized net income for the third quarter amounted to a loss of 7 euro cents per share, compared with a loss of 4 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €10.4 million, compared with a loss of €5.9 million in the prior-year period.

The normalized profit margin fell to negative 2.7% from negative 1.4% in the year-earlier period.

Total revenue came to €421.2 million, compared with €424.0 million in the prior-year period, and total operating expenses came to €400.8 million, compared with €404.3 million in the prior-year period.

Reported net income totaled a loss of €19.4 million, or a loss of 12 cents per share, compared to a loss of €8.0 million, or a loss of 5 cents per share, in the year-earlier period.