WEBIS HOLDINGS PLC
("the Company" or "Webis")
PRELIMINARY RESULTS FOR THE 52 WEEK PERIOD ENDED 25 MAY 2008 ("the Period")
Webis Holdings plc, the global on-line gaming group, today announces its preliminary results for the Period.
Earnings at EBITDA level for the Period of £215,000 (2007: £162,000)
Group turnover increased to £117.2m (2007: £86.9m)
betinternet.com sportsbook turnover rose by 40% to £86.8m (2007: £62.1m)
European Wagering Services pari-mutuel turnover grew by 23% to £30.4m (2007: £24.8m)
Administration expenses reduced by 2.8% on a ‘like for like’ basis
Commenting on the results, Denham Eke, Chairman of Webis Holdings plc, said: "the improved trading performance for the Period is a direct result of the Board’s strategy for the Company in a number of different areas including marketing activity, IT systems, capital expenditure and the ongoing identification of cost-savings. The Board continues to focus on these and other areas, all with the ultimate aim of enhancing the experience of new and existing customers alike. Trading for the first quarter of the current financial year was ahead of the Board’s expectations and I look forward to reporting further progress in due course".