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(AFX UK Focus)
2008-08-19 07:54
Queenco Leisure Q2 pretax falls marginally on higher forex losses |
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LONDON (Thomson Financial) - Queenco Leisure International Ltd. said its second-quarter pretax profit fell marginally, mainly hit by a rise in foreign exchange loss. "In the current market environment it is difficult to accurately predict the impact the economic slowdown will have on trading, however, it is likely that lower spending customers will be more affected," the company said. The emerging markets casino developer and operator said its second-quarter pretax profit dropped to around 8.3 million euros from 8.8 million a year ago while its revenue in the quarter rose to 34.0 million from 31.8 million. Queenco said its first-half pretax profit fell slightly to around 18.9 million euros from 20.9 million while the revenues in the period rose to 72.3 million euros from 64.2 million a year ago. TFN.newsdesk@thomson.com ami/ejp
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