Finance

Raketech profit falls 77% in Q1 2020

Malta-based affiliate reports revenue growth outside of Nordics as profit drops to €1.1m

Raketech has seen post-tax profit plummet by 77% to €1.1m for Q1 2020 year-on-year, citing “higher operating costs” in January to March as the core reason for the losses. The Malta-based affiliate also recorded flat revenue of €6.53m after a 1.4% increase for Q1 2020, compared to €6.45m in Q1 2019. Casino accounted for 78%…

Affiliates | EGR Power Affiliates | Finance | Malta | Raketech

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