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Gross win and EBITDA rise, bur pre-tax profits decline
November 5, 2008 (InfoPowa News) — The major European online gambling group Unibet delivered a mixed third quarter and year-to-date result this week, showcasing rising EBITDA and gross win revenues, but reduced pre-tax profits.
Gross win revenues rose to £29.3 million (Q3 2007: £19.4 million) and over the nine months to £88.5 million (2007: £56.9 million). Earnings before interest, tax, depreciation and amortization (EBITDA) were also up at £9.8 million (Q3 2007: £8.2 million) and over the year to September reached £31 million (2007: £19.8 million).
However, pre-tax profits shrunk in Q3 to £4.5 million (Q3 2007: £6.9 million) and over the nine months to September to £11.4 million compared to the same period in 2007 when pre-tax profits stood at £17.4 million.
