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Webis optimistic of improved performance

By BFN News | 08:57 AM | Thursday 15 September, 2011


Webis Holdings plc, the on-line gaming group, has announced preliminary results for the year ended 29 May 2011 showing a loss for the period of £110,000 (2010: loss of £337,000) The company also announced and EBITDA profit of £149,000 (2010: loss of £37,000) Group gross profit increased by 17% to £3.04 million (2010: £2.6 million) and group turnover was £105.6 million (2010: £114.2 million) Commenting on the results, Denham Eke, Chairman of Webis Holdings plc, said: "Although conditions in the market remain challenging, the Board believes that, after a much improved performance from betinternet, this business has the opportunity to further grow its market presence during the forthcoming year. "There are now also signs that EWS is again beginning to trade in line with the Board's previous expectations". At 8:57am: (LON:WEB) share price was 0p at 0.75p Story provided by StockMarketWire.com

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