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Probability losses widen following annual revenue decline

27th July 2010 8:04 am GMT

After a year of strategic investment designed to position the company for its next stage of growth, mobile gambling specialist Probability plc has reported a net loss of £0.8m in its audited results for the year ended March 31st, following a 5 per cent drop in net gaming revenues to £4.7m.

The company attributed the fall in revenues to reduced marketing and an increase in technology spend. Operating expenses for the year fell 11 per cent [...]

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