Total revenue of Stockholm-listed online casino technology supplier NetEnt AB grew at a moderate pace of 5.9 percent in the second quarter of 2018 amid foreign exchange rate fluctuations.

NetEnt registered revenue of SEK437.2 million (US$49 million) during the April to June 2018 period versus SEK412.8 million ($46.3 million) a year ago. Gauging the data using the euros as currency, NetEnt’s revenue for the quarter declined by 0.8 percent.

NetEnt’s operating profit inched up 1.2 percent to SEK149 million ($16.7 million), representing a margin of 34.0 (35.6) percent. The company reported 10.8 billion game transactions in Q2, a 7 percent year-on-year increase.

NetEnt’s Q2 revenue growth rate was slower than its 9.4 percent increase in Q1 2018. The company attributed the slower growth “to the development of the Swedish krona in relation to other currencies,” particularly to euros and British pound.