September 21 (SeeNews) - Online betting operator Telematic Interactive Bulgaria [BSE:TIB] reported a standalone net profit of 2.44 million levs ($ 1.24 million/1.25 million euro) for August, up from 2.19 million levs in the same month of 2021.
Net revenue jumped by 32% on the year in August, reaching 8.27 million levs, the company said in a bourse filing on Tuesday.
In July, Telematic Interactive booked a net profit of 2.14 million levs, up 22% year-on-year, on a revenue of 8.15 million levs, which was 45% higher than a year earlier, the company added.
By 0958 CEST, shares in Telematic Interactive traded flat at 14.95 levs on the Bulgarian Stock Exchange.
Telematic Interactive Bulgaria provides business-to-consumer (B2C) and business-to-business (B2B) services. The B2C segment is served by the Palms Bet brand under which Telematic Interactive Bulgaria operates within Bulgaria, while in the B2B segment is served by Telematic's subsidiary CT Interactive which provides game content to international contracting parties.
(1 euro = 1.9558 levs)