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Centrebet.comm the Australian bookmaker has released its full year figures to the end of June 2007, revealing an impressive 26 percent growth in revenues to A$58.9 million, up from A$47 million in 2006. Pre-tax profits rose to A$12.5 million and net profit after tax hit A$11.8 million, slightly up on the forecasts.
Increased wagering turnover pushed wagering revenues up by 17 percent from A$40.2 million to A$47.1 million. EBITDA numbers showed a rise of 45 percent to A$14.5 million over the corresponding period last year, and as the 2008 year for the company gets into gear the directors are confident of growth in the 10 to 15 percent bracket.
Especially impressive were Centrebet's casino and poker revenues, rising by a significant 85 percent to A$11.86 million, made up of A$7.1 million on casinos and 4.7 million on poker. This was achieved despite all the third party technical problems that the company went through prior to its switch to the Orbis-Openbet platform in May 2007.
A$7.4 was spent on marketing with A$1.5 devoted to the retention of existing clients, generating A$4.8 million in incremental revenue. The Board noted a significant improvement in earnings, margins and profitability.
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