Modern Times Group Reduces Costs by 25%, Reports Net Loss of $1.27M

ESL and DreamHack parent Modern Times Group (MTG) reported its financial results for the third quarter of 2020, recording net sales of kr912M SEK ($105M USD), down 12.5% compared to kr1.04B ($120M) in the same quarter last year. MTG’s net sales for the quarter ended on Sept. 30, were offset by operating costs before depreciation […]

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