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Sportech swings to profit despite 2015 revenue decline

3rd March 2016 8:54 am GMT

London-listed pool betting operator and technology supplier Sportech has reported a 4 per cent fall in revenue for 2015, although profit for the year increased due to disposals and lower impairment costs.

Sportech's 2015 revenue fell 4 per cent year-on-year to £100.2m, or 6 per cent on a constant currency basis, following declines in all segments. EBITDA for the year also fell 4 per cent to £23.1m, with adjusted profit before tax down 18 per cent [...]

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