Betinternet Reports Growth
By staff
Betinternet has reported rapid growth for the half-year to the end of November, with turnover rising 80% to £47.1 million and gross profit rising 32% to £1.5 million. The company experienced a £180,000 loss, down from just under £1m a year ago and shares are currently 9.75p having more than doubled over the past year. The company had its shares suspended in December after falling behind with publishing its report and accounts.

Managing Director, Paul Doona, however said that growth will slow following planned changes to the business and greater focus on profitability: 'The explosion in turnover will not continue. I see us doing more of a higher margin, less turnover driven business. Turnover will still grow but not at the level we've seen.'

Chairman Denham Eke said its new introduced casino and football game offering would drive future business expansion.

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