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Betfair eyes future growth as annual profit soars

29th June 2012 7:52 am GMT

Betfair Group plc has reported a 48 per cent increase in net profit to £33.9m for the year ended April 30th, despite posting a 1 per cent decline in total revenues to £389.7m.

Excluding high rollers, which contributed £24.7m in revenues in the previous year, underlying group revenues were up 6 per cent to £389.7m.

Net gaming revenues (NGR) from Core Betfair rose 6 per cent to £349.5m following growth in sports betting and poker, which offset [...]

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