25% Growth for Unibet Sportsbetting
May 22, 2009 (CAP Newswire) – Malta-headquartered online gaming company Unibet has reported a very strong financial performance for the first quarter of 2009, according to recent news reports.
Overall, the company has shown a remarkable 87 percent jump in profits (after tax, year-on-year) to an outcome of £9.96 million. This represents a 14 percent rise as compared to 2008’s full-year results. The company is citing an impressive 25 percent growth in its online sports betting sector as the driving force behind this growth. That total income from sportsbetting from the first three months of this year totaled
£15.97 million, up from last year’s £11.88 million.
Finally, Unibet has also reported profits before tax for 2009’s first quarter at £10.7 million, and that’s up from £2.9 million in 2008. The company also reports 26,816 more active customers than it had a year ago, bringing its current total up to 314,977.
“Our strong business model and the well-balanced product portfolio have resulted in another strong quarter in terms of gross winnings and operating cash flow,” Petter Nylander, Chief Executive Officer for Unibet, was quoted in iGaming Business magazine.
“During the quarter, the number of active customers increased by almost eight percent and we have continued our successful geographic expansion,” continued Nylander. “The experience and structure capital that we have gained in our own sportsbook gives us a competitive advantage in many areas and are fundamental in the strength of our brand and our customers’ user experience.”
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