Century Casinos Profit Rises; Stock Up 16%

(RTTNews) - Century Casinos Inc. (CNTY) Wednesday posted second-quarter net income of $3.7 million or $0.15 a share, compared with $1.15 million or $0.05 a share last year.

Revenues for the quarter surged 58% to $28 million from $17.8 million a year ago.

The company attributed the growth mainly to the inclusion of operating results from Casinos Poland Ltd. (CPL). In April, the company completed the purchase of an additional 33.3% stake in CPL, bringing its total stake to 66.6%.

Shares of Century Casinos are trading at $4.18, up $0.59 or 16.25%, on a volume of about 1 million shares on the Nasdaq.