OPAP profits fall 6 percent

The Greek land and online gambling monopoly OPAP posted its 2012 results Thursday, reporting a 6 percent decline in profits due to poor economic conditions in Greece.

The decline has been predicted by several analysts.

Net profit dropped to Euro 505.5 million euros from Euro 537.5 million in 2011 the previous year.  The firm said it will pay a dividend of Euro 0.57 a share on 2012 earnings.

The Reuters news agency reports that the Greek government is selling 33 percent of OPAP and seven investors, including a Chinese conglomerate and a major private equity fund, have been short-listed and have until next month to submit binding bids.

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