Cirsa's Profit Decline Due to Currency Fluctuations

Reported about 10 hours ago

Cirsa, the Spanish gambling company, reported an 11% drop in net profit for the second quarter, primarily impacted by currency weaknesses in Mexico and Colombia. Despite this, the company's online betting segment saw a remarkable 64% revenue growth. The CFO anticipates reduced currency impact in the second half of the year, while Cirsa maintains its forecast for a 6% to 7% increase in core profit for the year.

Source: YAHOO

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