Media Corp reports 700% rise in gross profit

The UK-based online gambling and media company, Media Corp has unveiled an impressive set of full year results to September 30, 2010, showcasing a 700% rise in gross profits.

The group, which includes online casino Purple Lounge, posted gross profit of £6.3 million (FY/2009: £900,000). Revenues reached £25.6 million (FY/2009: £3.5 million).

CEO, Justin Drummond reported to investors: "While increased marketing and software costs impacted profitability in the second half, the additional marketing spend has delivered substantial growth in player numbers and revenues."

Source: InfoPowa News

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