UK-listed betting and gaming operator Betfair has returned to profit for the six month period ended October 31st following a significant reduction in the company’s cost base, despite revenue falling by 6 per cent to £188.0m on the back of declines in its Exchange and online gaming products.
Revenue for the second quarter climbed by 1 per cent to £97.6m but was unable to offset the company’s poor performance in the first quarter which saw revenue [...]
