Online gaming group Webis Holdings PLC swung to a profit in the first half, with group turnover rising 35 percent year-on-year to £71.5 million, and said is optimistic about its future prospects.
The Isle of Man based company made net profit of £252,000 in the interim period to November 30 200,8 compared with a loss of £388,000 in the same period a year earlier.
Chairman Denham Eke said: “The board's strategy of focussing on marketing initiatives and the ongoing development of the company's IT systems and website in tandem with capital expenditure, where appropriate, is beginning to reap rewards. The board is optimistic about the company's future prospects.”
Despite the current difficult global economic conditions, the board is optimistic that the company can build on the excellent progress made during the period under review and continue to grow both betinternet.com and European Wagering Services during the second half of the financial year, he added.