• Most Popular
  • Most Shared

UPDATE 1-Sportingbet Q3 operating profit up 34 percent

Wed Jun 3, 2009 2:30am EDT

Stocks

   

* Q3 operating profit 9.8 mln stg vs 7.3 mln

* 'Cautiously optimistic' for full-year

* Talks with U.S. Department of Justice continuing

(Adds details)

LONDON, June 3 (Reuters) - British online gaming company Sportingbet (SBT.L) reported a 34 percent rise in third quarter operating profit on Wednesday and said its fourth quarter had started strongly.

Sportingbet said operating profit for the third quarter to April 30 was 9.8 million pounds ($16.1 million), compared with 7.3 million the year before.

The company said it was "cautiously optimistic" for the full- year outcome.

Sportingbet added that talks were continuing with the United States Department of Justice in relation to the company's previous U.S.-facing activities.

($1=.6092 Pound)

(Reporting by Matt Scuffham; Editing by Victoria Bryan)



More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets