(Reuters) – Spanish gambling company Cirsa said on Tuesday its second quarter net profit fell 11%, as its casino business was hit by what it called an “unusually adverse” foreign exchange effect.

Cirsa’s quarterly net profit stood at 9.7 million euros ($11.43 million) in the quarter, down from 10.9 million euros a year ago. The company, which operates casinos and betting platforms in Spain, Portugal, Latin America, Italy and Morocco, booked a foreign exchange loss worth 16 million euros in the quarter though it did not attribute it to a specific currency.

Barcelona-based Cirsa though reiterated its full-year guidance, saying it expects its core profit to grow by 6% to 7% compared to last year’s.

Weakness in casinos was partly offset by its online betting business, which grew 64% year-on

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