Boss Media, the Swedish online gambling software developer, is known to have a decline in its operating profit for the third quarter of nearly 35%, and it amounted to $1.84 million. The company’s total revenues turned out to be $10.79 million, which is 11% lower than for the same period last year. As for the net profit for the third quarter, the figure has also dropped from $3.61 million last year to $1.3 million.
Boss Media has also been experiencing the fall of sales from $36.36 million to $36.23 million. Royalty revenues have dropped by 8% to $26.60 million from $28.92 million last year. Operating profit fell to $6.16 million from last year’s $7.04 million and net profit for the nine months was $5.53 million from the previous $8.97 million.
To improve the situation and to increase sales volumes some measures have already been taken by the company. They are working on changing and strengthening sales organization. Besides, the company thinks that the launch of new and updated products is a must in getting higher revenues.