STS Holding had a remarkable initial three-month period, with income rising by 7.4% compared to the same timeframe a year ago. The organization reported earnings of 152.8 million Polish zloty, which translates to approximately £29.2 million, €33.6 million, or $36.4 million. This marks a record-breaking period for STS Holding, even surpassing their strong performance in the first quarter of 2022.

Mateusz Juroszek, the chief executive of STS Holding, expressed great satisfaction with the outcomes. He stated that the company achieved exceptional operational and financial results, even exceeding their record-breaking first quarter of 2022. He also highlighted that the company’s net profit was even higher than the preceding quarter.

The company’s income stemmed from two primary sources: retail and online gaming. The retail division generated 27 million Polish zloty, while online gaming contributed 126.6 million Polish zloty. The remaining 79,815 Polish zloty was not assigned to any specific division.

STS Holding’s operational expenditures also increased by 4.3% compared to the first quarter of 2022, reaching 83.1 million Polish zloty. The online gaming division accounted for 58.3 million Polish zloty of these expenses, while the retail division contributed 23.2 million Polish zloty. The remaining 1.4 million Polish zloty was not assigned to any specific division.

The company’s largest expense was personnel costs, totaling 25.5 million Polish zloty. Marketing expenditures were the second highest, reaching 18.4 million Polish zloty. The cost of organizing gaming services was 13 million Polish zloty.

Three million.

Administrative, property, and transportation expenses accounted for the rest of the total.

Overall, other operating expenses totaled 422.7 million Polish zloty.

As a result, operating profit for the period was 70.3 million Polish zloty. After adding 3.1 million Polish zloty in financial gains and subtracting 2.1 million Polish zloty in financial costs, pre-tax profit for the year reached 71.3 million Polish zloty, a rise of 11.5%.

Following the deduction of 15 million Polish zloty in income tax, net profit for the period was 56.2 million Polish zloty, a rise of 11.5%.

During the period, players placed a total of 1.19 billion Polish zloty in bets on STS Holding, an increase of 11.5%.

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