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Greece's Intralot Q1 net up 5.3 pct, meets f'csts

Wed May 28, 2008 7:00pm EDT

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ATHENS, May 29 (Reuters) - Greek lottery systems supplier Intralot (INLr.AT) said on Thursday first-quarter net profit rose 5.3 percent to 35.9 million euros ($56.45 million), in line with market expectations.

Analysts polled by Reuters were forecasting net profit of 34.4 million on average.

The world's second-largest lottery systems supplier said sales rose 42.7 percent to 256.6 million euros, with earnings before interest, tax, depreciation and amortisation (EBITDA) down 2.1 percent to 72.5 million euros.

Intralot, which operates in 40 countries, started running sports and horse betting outlets in Italy and the national lottery in South Africa last year.

It recently agreed to extend the operation of its Turkish sports betting game for up to a year and secured its fifth IT deal in the United States. (Reporting by Angeliki Koutantou; Editing by Richard Hubbard)



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