October 6 - Webis, the Isle of Man based group that offers services to
the gaming and technology sectors, has posted a pleasing preliminary
announcement for the recent twelve month period ending September.
According to the report, Webis showed a 71% rise in earnings in the period,
pre-tax, depreciation and amortization.
"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," said the Chairman for Webis, Denham Eke.
"Webis Holdings has strengthened its position within its target markets
through an increased marketing spend, which has enhanced revenue streams in the
group," he added.
Webis showed that earnings increased from £215,00 last year to £757,000
this year.
Profits also increased to £452,000 compared to last year's loss of £347,000.
Webis owns European Wagering Services, a totalisator hub that passes wagers
directly into global racetrack betting pools in real time.
Webis said that turnover for this parimutuel product grew by 6% from £30.4
million to £32.3 million.
There was also a growth in group turnover, which rose from £117.2 million
in 2008 to £140.1 million in 2009 - a jump of 19.5%.
Webis' BetInternet.com sportsbook offering, a global facing portal that
covers all major sports including sports, tennis golf and football, saw business
rise by 24%.
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