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India’s Delta Corp sees profit soar 22.7% in 3Q19 despite flattish revenues

Newsdesk by Newsdesk
Thu 17 Oct 2019 at 05:58
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India’s market-leading casino operator, Delta Corp, reported a 22.7% increase in profit in the three months to 30 September 2019, boosted by a reduction in corporate income tax rates.

Delta Corp saw its profit after tax increase from Rs. 48.10 crores (US$6.7 million) in 3Q18 to 59.04 crores (US$8.3 million) this time around, despite a very slight year-on-year fall in revenue to Rs. 252.76 crores (US$35.4 million). That revenue figure represented a 6.7% sequential increase.

The company’s online gaming revenue from its popular poker site, Adda52, grew by almost 14% to Rs.40.93 crores.

Delta Corp is still waiting for the government to make its long-awaited decision to relocate Goa’s offshore casino industry to land – a move described by analysts as major growth driver in the coming years.

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The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

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