| CATEGORY: SMALL CAPS NEWS SECTOR: TRAVEL & LEISURE |
Probability posts maiden H1 profit |
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Thu 30 Oct 2008
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LONDON (SHARECAST) - Aim listed mobile phone gambling outfit Probability revealed its maiden first half profit as it pushes ahead expansion plans.
The group, which owns mobile casino, bingo and slots games, said pre-tax profit came in at £166,000 for the six months ended 30 September 2008 compared with a loss of £585,000 the same time a year earlier.
Net gaming revenues rose to £2.6m during the period from £1.2m before.
Commenting on the results, CEO Charles Cohen said the results have, "put us into a very strong position for further growth with continued investment in new content and plans for international expansion."
Probability reiterated comments made in the group's quarterly update earlier this month: "During these difficult times we appear to be enjoying a 'Lidl effect' as consumers look for value in their entertainment as with everything else."
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