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Austrian IPO candidate Novomatic reports 29 pct drop in H1 profit
August 30, 2017 / 2:16 PM / 21 days ago

Austrian IPO candidate Novomatic reports 29 pct drop in H1 profit

VIENNA, Aug 30 (Reuters) - Austrian gaming technology group Novomatic AG reported a 29 percent fall in first-half net profit, due to tax hikes in Italy and Austria, and as it prepared for regulatory changes for its gaming devices in Germany next year.

Family-owned Novomatic, which is considering a stock market listing that could be one of the biggest initial public offerings (IPO) by an Austrian firm, said net profit fell to 56.3 million euros ($67 mln) in the six months through June.

$1 = 0.8393 euros Reporting by Kirsti Knolle; Editing by Susan Fenton

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