Unibet Q1 revenue up 36%, April sales strong - MarketWatch
By Jens Hansegard
STOCKHOLM (MarketWatch) -- Unibet Group PLC (UNIB-SDB.SK), the Stockholm-listed online gambling operator, Wednesday reported a year-on-year increase in first quarter net profit and delivered an all-time high in gross winnings, and said that April revenues continued the positive devlopment from the first quarter.
-"Unibet delivered another all-time high in Gross Winnings powered by its market-leading sportsbook, Kambi Sports Solutions," Unibet chief executive Henrik Tjarnstrom said, adding that more than 15% of the gross winnings revenue in the quarter came from re-regulated markets.
-April revenues continued the positive development from the first quarter and recorded strong organic growth compared to the prior year, the company said.
-Gross winnings revenue in the first quarter rose 36% to GBP51.12 million from GBP37.50 million in the same period last year.
-Operating profit in the first quarter rose to GBP11.65 million from GBP11.17 million in the same period last year.
-Net profit in the first quarter rose to GBP10.76 million from GBP10.02 million in the same period last year.
-At 0701 GMT, shares were up 4.7% at6 SEK200.00.
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