Webis Holdings, a United Kingdom-based online gaming operator, announced its yearly results today with a group turnover of £117.2 million -- up £30.3 million from last year.
Other highlights from results, which covered a 52-week period ending on May 25, 2008, included that betinternet.com sports book turnover rose by 40 percent to £86.8 million, and European Wagering Services pari-mutuel turnover grew by 23 percent to £30.4 million.
These turnover increases helped Webis accumulate £2.75 million in gross profit, up from last year’s gross profit of £2.72 million, and a total operating profit of £34,000. In 2007, the operator had an operating loss of £33,000.
In a prepared statement, Denham Eke, chairman of Webis, attributed the improved trading performance to marketing activity, I.T. systems, capital expenditure and cost savings.
“The board continues to focus on these and other areas, all with the ultimate aim of enhancing the experience of new and existing customers alike,” he continued. “Trading for the first quarter of the current financial year was ahead of the board's expectations, and I look forward to reporting further progress in due course.”