8th Jan 2021 14:50
Webis Holdings PLC - Isle of Man-based gaming firm - Reports full-year revenue is down to USD43.4 million from USD47.3 million in 2019 and full-year pretax loss has narrowed to USD284,000 from USD930,000 the year prior. Says the lack of attendance on racetracks and some other sports being unable to operate due to the Covid-19 pandemic has hurt its performance, but has helped its online operations.
"I am very pleased to report that it has been a much improved performance from our core USA based business, WatchandWager.com LLC over the financial year, with a significant improvement in trading especially in the second half. In addition, I can confirm that this performance has continued into the new financial year. Indeed, we fully expect a return to profitability for the group for the 2020/21 financial year," says Chair Denham Ike.
Current stock price: 2.39 pence
Year-to-date change: up 41%
By Zoe Wickens; [email protected]
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