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Webis losses widen following drop in betting volumes

By BFN News | 09:58 AM | Wednesday 27 February, 2019


Gambling group Webis Holdings posted a deeper first-half loss, owing to a drop in betting volumes. Pre-tax losses for the six months through November amounted to $591k, compared to loss of $19k on-year. Revenue almost halved to $5.38m, mainly due to a reduction of betting activity in the company's international business-to-business sector. 'Performance has been steady for the new period during a normally quiet time of year for weather and lack of quality content,' Webis said. 'Overall, we continue to focus on growing player numbers, whilst keeping a close control on costs and implementing further cost efficiencies across the business.' At 9:58am: (LON:WEB) Webis Holdings PLC share price was -0.3p at 2.35p Story provided by StockMarketWire.com

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