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IN BRIEF: B90 shares down despite surge in interim revenue

23rd Sep 2022 14:31

B90 Holdings PLC - Isle of Man-based online marketing company - Revenue more than doubles to EUR1.0 million in the six months to June 30 from EUR404,686 a year ago. Pretax loss narrows to EUR1.3 million from EUR1.4 million, as no finance expense incurred during the period, compared to EUR58,437 a year ago. Says the revenue growth was driven by the launch of Spinbookie.com and the acquisition of the Oddsen operations. Oddsen.nu is a Norwegian sports-bet affiliate site.

Says trading in July and August has seen "continued improvement", with revenue in both months in line with monthly revenue received in the second quarter this year.

Executive Chair Karim Peer says: "We are excited about expansion into new territories and markets, specifically in Latin America, supported by the development of affiliate programmes through both further acquisitions and partnerships."

Current stock price: 4.25 pence, down 8.1%

12-month change: down 62%

By Xindi Wei; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.

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