Webis Holdings plc, the global on-line gaming group, today announces its preliminary results for the period.
Profit for the period of £452,000 (2008: Loss of £347,000)
Earnings at EBITDA level for the period increased to £757,000 (2008: £215,000)
Group turnover increased by 19.5% to £140.1m (2008: £117.2m)
betinternet.com sportsbook turnover rose by 24% to £107.9m (2008: £86.8m)
European Wagering Services pari-mutuel turnover grew by 6% to £32.3m (2008: £30.4m)
Shareholders’ equity increased to £694,000 (2008: £207,000)
Commenting on the results, Denham Eke, Chairman of Webis Holdings plc, said: “I am pleased to be in the position of reporting a strong improvement in the figures for the last financial year, which covered a period of uncertainty throughout the global economy. Webis Holdings has strengthened its position within its target markets through an increased marketing spend, which has enhanced revenue streams in the group”.