LONDON (Thomson Financial) - 32Red Plc. said its EBITDA for the first half
before share option costs was up 17 percent at 1 million pounds.
Sales were up 26 percent, it said, adding that its prospects for the year were 'very encouraging'.
The online casino, poker and sports betting operator also said that the second half of the year has started encouragingly, with group gross win for the 7 weeks ended Aug 18 up 22 percent on the corresponding period in 2007.
32Red said it continues to investigate possible new gaming-related products to add to its existing portfolio.
For the six months ended June 30, the company posted a pretax profit of 791,510 pounds compared with 645,505 pounds last year, while its revenues rose to 6.6 million pounds compared with 5.22 pounds last year.
The strong growth has been driven by both increased active player numbers and an improved yield per player, it said.
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