Sazka Group increased its net profit roughly four times to CZK 11.3 billion (EUR 435.5 million) in the first half of the year.

Spokesman Radek Nemecek said the main reason for the significant increase was the sale of the Croatian company SuperSport.

“The result is in line with the company’s plan. We grew in all the main indicators in all countries where we operate, ie in the Czech Republic, Austria, Italy, Greece and Cyprus,” Nemecek said. Received bets increased by four percent to CZK 67 billion (EUR 2.59 billion). Gross win increased by six percent year on year to 23.5 billion crowns (909 million euros).

This July, the Sazka Group submitted an offer to buy the remaining shares in the Greek company OPAP, which is the fourth largest betting company in Europe by revenue. Sazka said it offers EUR 2.06 billion (CZK 52.6 billion) for the remaining 67 percent of the shares .