News: Betfair Group PLC (BTFRF.PK)

BTFRF.PK on OTC Markets Group - US Other OTC and Grey Market

20.95USD
17 Nov 2014
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Thu, Dec 4 2014

BRIEF-Betfair to return 200 mln stg to shareholders as earnings rise

* Excluding World Cup and unusually high gross win margins, revenue was up 12%

BRIEF-Betfair posts 13 pct rise in second quarter revenue

* Q2 revenue was up 22% to £119m driven by strong growth in active customers and favourable sporting results

BRIEF-Betfair quarterly profit boosted by World Cup effect

* EBITDA up 39 percent to 34.5 million pounds in three months to July 31

BRIEF-Betfair switches tactics in Australia, sells JV stake

* Sold its 50% stake in betfair Australasia pty limited ("betfair australia") to joint-venture partner crown resorts limited

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