Betinternet.com, the on-line gaming firm, have published their preliminary results for the year ended 27 MAY 2007. On earnings before interest, taxes, depreciation and amortization, the profit for the year was ?162,000. This compares to a loss last year of ?1, 055,000 .
The Group operating loss reduced to ?0.076m (2006: ?1.821m)

Other details: Gross profit increased by 30% to ?3.0m (2006: ?2.3m), Group turnover increased to ?87.1m (2006: ?67.6m), Sportsbook turnover rose to ?62.4m (2006: ?57.5m)
Pari-mutuel turnover grew by 148% to ?24.8m (2006: ?10.0m) and administration expenses reduced by 14.5% on a 'like for like' basis.

Chairman of Betinternet.com, Denham Eke,says that anyone involved in the gaming sector, whether as a shareholder or an employee, could not have anticipated the changes that have taken place over the course of the last year. It had been a difficult time for the sector, but the Company's executive management team has steered a course through these challenges to bring the business to profitability at EBITDA level and create a stronger operation for the future".