HIT Generates EUR 8.3M EBIT in 2011

Nova Gorica, 03 February (STA) - Gaming company HIT generated EUR 166.2m

in gross revenues in 2011, which is 2% less than planned and 3% less than

the year before. However, earnings before interest and taxes (EBIT) in 2011

stood at EUR 8.3m, which is 12.5m more than in 2010.

According to the results, which were confirmed on Friday by the

company's supervisors along with the plans for this year, HIT paid EUR 43m

in gaming taxes in 2011 and repaid EUR 12m of its debts.

HIT casinos

welcomed almost 1.3 million visitors, and the company's hospitality branch

recorded a 8.4% growth in overnight stays.

The company's management

is happy with the results in the view of the economic situation in the

eurozone, especially its main market, Italy.

With roughly the same

number of visitors, HIT plans to make EUR 168.5m in revenues and a profit

of some EUR 2.9m in 2012.

To counter the negative impact of the

continuing crisis, the management will continue to cut on the costs,

improve marketing activities, the quality of services and customer

relations; however, the main goal will be a stabilisation of the company

and a successful conclusion of the three-year restructuring.