Malmö, Sweden, 2013-02-25 08:00 CET (GLOBE NEWSWIRE) --
(For complete end of year report see attached file)
October - December 2012
- Betting turnover: EUR 185,854 thousand (195,819)
- Net turnover after trading fees: EUR 1,654 thousand (1,172)
- Gross margin: 0.89% (0.60)1
- Operating income: EUR 550 thousand (195)
- Operating margin: 33% (17)2
- Net income from continuing operations: EUR 464 thousand (323)3
- Earnings per share from continued operations: 0.05 EUR (0.03)
January – December 2012
- Betting turnover: EUR 691,452 thousand (745,139)
- Net turnover after trading fees: EUR 3,577 thousand (1,937)
- Gross margin: 0.52% (0.26)1
- Operating income: EUR -57 thousand (-1,184)
- Operating margin: -2% (-61)2
- Net income from continuing operations: EUR -116 thousand (-1,111)3
- Earnings per share from continuing operations: EUR -0.01 (-0.12)
Managing Director Comments
“It is satisfactory to see the improvement in results during quarter four, following a slow start of the year. I am also glad to see the growth we have with our bookmaker clients.” says Betting Promotion's CEO Jonas Ornstein.
1 Net Turnover after trading fees as percent of Betting Turnover
2 Operating Income as percent of Net Turnover after trading fees
3 Results before disposal of GameVillage Ltd
For further information please contact:
Jonas Ornstein, CEO of Betting Promotion Sweden AB (publ)
Telephone +46 40 611 84 94
Certified Adviser:
The Company’s Certified Adviser is Sedermera Fondkommission AB.
Betting Promotion Sweden AB (publ) is the holding company for operating subsidiaries. Betting Promotion puts the odds and acts as market maker on sporting events. Games are handled both before the match and during the match, so called live betting. Since 2003, Betting Promotion has been a market maker at the world’s leading betting exchanges. The trade is done automatically and is thus meant to be both effective and stable. Betting Promotion also offers odds to bookmakers.
