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Profits Rise For Online Casino Developer Net Entertainment

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This week has been a busy week in the gaming industry as many companies released their third quarter numbers, Net Entertainment was happy to see theirs as their profits rose from the same time last year.

Net sales for the company reached $5.09 million, which was an increase over last years number of $3.74 for the third quarter.

The returns for after tax were equally as encouraging as that number was $1.53 million, up almost a quarter of a million dollars from last years $887,053, and net profit margin was up to 33.5 percent from 26.6 percent.

Net Entertainment Chief Executive Officer Johan Ohman claimed that 13 new licensing agreements had been signed in 2007, but only five of them came in the third quarter.

The news was greeted with joy by the company, and Ohman had this to say, "Net Entertainment's active, continuous product development ensures that our products meet changes in demand. This will not only further increase our competitive strength and the profitability of our licensees, but also increase demand for Net Entertainment's products."

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