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Ebet Limited Teases June Financial Results

Australian betting firm Ebet Limited has announced that they will be releasing their financial report on August 27th, and gave a brief preview of their financials, showcasing good financial results.

Net Profits Before Tax is expected to jump between 52-60% and will be in the range of A$5.5 million to A$5.8 million, up from last years results of A$3.6 million. The company has acquired Flexi-NET for A$4.8 million during the last year, and has been migrating the company into their product.

Commenting on the results preview Ebet CEO Ken Carr said, “Our growth momentum is underpinned by the strength of the business model, high and growing level of recurring revenue and an attractive pipeline of opportunities. Recurring revenues now constitute approximately 52 percent of total revenue."

The full year financial period will run through June 30th, 2015.

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