Century Casinos falls on Q2 loss vs year-ago profit

Century Casinos

08/08/2023 18:37

** Shares of Century Casinos  CNTY.O  down 5.93% at $7.46 in
afternoon trade
    ** Posts Q2 loss of $0.06/share as compared to profit of
$0.28/share reported a year ago
    ** Company "incurred additional expenses related to the
acquisitions while facing inflationary cost pressures from
payroll wages and benefits, insurance and utilities" - Erwin
Haitzmann and Peter Hoetzinger, co-CEOs
    ** In May, co sold its Canadian portfolio for C$221.7
million ($164.91 million)
    ** All five brokerages covering the stock rate it "buy" or
higher; their median PT is $11.00
    ** Including session moves, stock rose 6.40% YTD 
 
($1 = 1.3444 Canadian dollars)

 (Reporting By Akshita Toshniwal in Bengaluru)
 ((Akshita.Toshniwal@thomsonreuters.com))