ECONOMY

OPAP posts drop in Q3 profit

OPAP posts drop in Q3 profit

OPAP, Europe’s fourth-biggest betting firm, on Tuesday posted a 40 percent drop in third-quarter net profit, hurt by an austerity tax increase on its revenue.

Net profit came in at 29.3 million euros, down from 49.1 million euros in the same period a year ago.

[Reuters]

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