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Unibet shares hit new 52-week high as Q3 net profit doubles

29th October 2014 8:59 am GMT

Sweden’s Unibet Group has seen net profit more than double to £16.5m for the third quarter of 2014, as the final stages of the World Cup helped total revenue climb 26 per cent to £80.4m during the period.

Gross winnings revenue (GWR) from sports betting rose 59 per cent to £38.1m compared to the same period last year, with the operator’s live betting offering accounting for 45 per cent of the total.

Gross margin (after free [...]

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