Webis Holdings Plc, the global on-line gaming group, today announces its interim results for the period ended 30 November 2008.

Key highlights:

Group turnover increased by 35% to £71.5m (2007: £53.0m)

Sportsbook turnover increased by 44% to £56.4m (2007: £39.0m)

Pari-mutuel turnover increased by 8% to £15.1m (2007: £14.0m)

Gross profit increased by 34% to £1.701m (2007: £1.272m), gross margin consistent with prior period at 2.38% (2007: 2.40%)

Significant increase in EBITDA to £381k (2007: £43k)

Operating profit of £256k (2007: operating loss of £44k)

Basic and diluted earnings per share of 0.12p (2007: 0.20p loss per share)

Commenting on the results, Denham Eke, Chairman of Webis Holdings Plc, said:

"Since my statement at our recent AGM, it is pleasing to report that the Company has made good progress during the second quarter of the current financial year and these results represent a substantial turnaround in the Company’s performance. The board’s strategy of focussing on marketing initiatives and the ongoing development of the Company’s IT systems and website in tandem with capital expenditure, where appropriate, is beginning to reap rewards. The board is optimistic about the Company’s future prospects and I look forward to providing an update on further progress in due course."