Latest Sportingbet Financial Reports
Published: Friday, June 10, 2005 Online-Casinos.com
LATEST SPORTINGBET FINANCIAL REPORTS
Turnover and profits show significant increases
Major online gambling group Sportingbet has released its unaudited results for the third quarter and cumulative results for the nine months ended 30 April 2005.
Financial highlights for the three months ended 30 April 2005 include:
Increase in turnover of 31.1 percent to GBP 390.5 million (2004: GBP 297.8 million).
Gross margin up 137.5 percent to GBP 57.0 million (2004: GBP 24.0 million)
Operating profit increase of 242.4 percent to GBP 20.2 million (2004: GBP 5.9 million).
Subsidiary Paradise Poker, delivered a particularly strong performance, contributing GBP 9.1 million to operating profit. Excluding Paradise Poker, operating profit increased 88.1 percent to GBP 11.1 million.
Profit before tax was up 226.2 percent to GBP 13.7 million (2004: GBP 4.2 million)
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