INTRALOT: Successful Presence in Jamaica SVL Profits Up 77% in 2012
Thursday, March 14, 2013 at 02:40PM Supreme Ventures Limited (SVL), a leading public listed gaming company in Jamaica, in which INTRALOT holds a strategic stake, announced its FY2012 results. The financial performance of SVL for 2012 improved significantly year over year, achieving its best performance since the company was listed in the Jamaican Stock Exchange in 2006.
SVL’s Consolidated Revenues for FY2012 increased by 6.0% reaching $US 306.8m, compared to 2011. EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) posted a 31% increase reaching $US 17.4m. EAT-am (Earnings After Taxes and after minorities) were shaped at $US 11.3m posting an increase of 77% over 2011.
Mr. Nikos Nikolakopoulos, Managing Director of INTRALOT Latin America and Member of SVL’s BoD, stated: “The Company's performance was achieved on improved revenue streams following the recent reorganisation of the company's operations. In 2013, we will continue the strategy of realigning our operations to become more efficient and to focus on our core competence of gaming.”