Online gaming company releases results for the six months to the end of June 2006
Wednesday 13th September 2006
The online sports content and gaming company ukbetting plc has announced its results for the six months to June 30 2006, reporting company wide growth particularly in advertising and affiliate revenues.
Financial highlights report a 12 percent increase in group turnover to £62.4 million compared to £55.5 million for the same period last year, and a gross profit rise of 16 percent to £13.2 million against £11.4 million in 2005.
The company’s advertising revenue showed growth of 34 percent to £1.74 million, of which consumer related revenue increased 88 percent to £1.63 million. Affiliate revenues through Oddschecker also reported improved growth rising 32 percent to £1.6 million, whilst poker and casino revenues increased by 35 percent.
Peter Dubens, Chairman of ukbetting plc commented on the results. “Especially encouraging was the growth in advertising and affiliate revenues in addition to the improved margin in the fixed odds division. We are also pleased that poker is now integrated into our single wallet facility and casino will follow before the year end.”
Other highlights saw gaming registrations rise by 20 percent to 51,000, plus the signing of the Playtech contract for new single wallet casino products, the roll out of the Oddschecker marketing initiative and the re-launch of Football365 and Oddschecker.
The online sports content and gaming company ukbetting plc has announced its results for the six months to June 30 2006, reporting company wide growth particularly in advertising and affiliate revenues.