Unibet Releases Interim Financial Statement

Internet gambling firm Unibet has released its third quarter interim statement for the period ending September 30th, 2012, noting a a decrease in gross winnings and profits.

Key financial indicators for the period ending September 30th were:

• Gross Winnings Revenue amounted to £43.8 million (Q3/2011: £37.8 million).

• Profit from operations amounted to £4.5 million (Q3/2011: £8.2 million). Excluding a one off tax payment of £2.6 million, profit from operations for the third quarter 2012 would have been £7.1 million.

• Profit before tax amounted to £4.0 million (Q3/2011: £8.2 million).

• Profit after tax amounted to £3.4 million (Q3/2011: £7.5 million).

• Earnings per share were £0.120 (Q3/2011: £0.269).

• Operating cash flow before movements in working capital amounted to £8.7 million (Q3/2011: £10.7 million).

• Number of active customers at the end of the quarter was 382,378 (Q3/2011: 325,194).

Year to date financials were:

• Gross Winnings Revenue amounted to £140.3 million (YTD/Q3/2011: £109.7 million).

• Profit from operations £22.6 million (YTD/Q3/2011: £26.6 million).

• Profit before tax £22.1 million (YTD/Q3/2011: £26.2 million)

• Profit after tax £19.8 million (YTD/Q3/2011: 24.2 million).

• Earnings per share £0.710 (YTD/Q3/2011: £0.864).

• Operating cash flow before movements in working capital amounted to £34.2 million (YTD/Q3/2011: £33.5 million)

• Number of active customers at the end of the quarter was 382,378 (YTD/Q3/2011: 325,194).

The fourth quarter started out strong for Unibet, which has seen gross winning revenues jump 29% for the first four weeks when compared to the fourth quarter.

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