Betting Promotion: INTERIM REPORT Q1 2012


January – March 2012

  • Betting turnover: EUR 175,179 thousand (229,011)
  • Net turnover after trading fees: EUR 278 thousand (-439)
  • Gross margin:  0.16% (-0.19)
  • Operating income: EUR -576 thousand (-1,210)
  • Operating margin:  -207% (0)
  • Net income from continuing operations: EUR -593 thousand (-1,253)
  • Earnings per share from continued operations: EUR -0.06 (-0.13)

 

Net Turnover after trading fees as percent of Betting Turnover

Operating Income as percent of Net Turnover after trading fees

Results before disposal of GameVillage Ltd

 

(For complete interim report see attached file)

 

Managing Director Comments

“Despite the improved results compared to Q1 2011, I am far from satisfied with the performance of the core business. However, it is pleasing to see the development of Bookmaker product and I look forward to the ongoing discussions we have with potential customers to lead to a sharp increase in betting turnover in the near future” says Betting Promotion's CEO Johan Moazed.

 

For further information please contact:

Johan Moazed, Managing director of Betting Promotion Sweden AB.

Telephone +46 40 611 84 94

 


Attachments

Betting_Promotion_Q1___Report_2012_en_e5ce6[1].pdf