Greek gambling operator OPAP closed out 2018 on a strong note, reporting revenue and earnings numbers the company hasn’t enjoyed in years.

Figures released this week show OPAP’s revenue hitting €440.7m in the three months ending December 31, 2018, a 7.6% rise from the same period last year. Earnings shot up 31.5% to €109m and net profit rose 15.8% to €38.1m, in part due to a 9.6% cut in operating expenses.

For the year as a whole, revenue was up 6.3% to €1.55b, earnings rose 15.4% to €353.6m and net profit improved 13.7% to €143.3m. The FY18 gains came despite a €17.5m goodwill impairment for its Neurosoft software subsidiary.

OPAP’s good fortune was almost entirely due to its burgeoning video lottery terminal (VLT) division, which reported revenue of €68.4m in Q4, up 114.5% year-on-year as the number of installed VLTs hit nearly 19k across 351 Play Gaming halls and 1,915 agencies. OPAP says it remains on target to have the full complement of 25k VLTs installed by the end of 2019.