eBET net profit before tax increases 67 percent in FY15

eBET reported net profit before tax increased 67 percent to $6.1 million for the financial year ended June 30, exceeding the company’s expectation of $5.5 million to $5.8 million.

The company’s revenue increased 26 percent to $51.6 million, while earnings per share rose to a record 51.11 cents, up by 169 percent on the prior year.

“The result demonstrates the strong growth and operational leverage the business has delivered through focusing on growing the core gaming systems business, and achieving enhanced efficiencies through increased scale,” Ken Carr, eBET CEO, said.

Carr added that the strong revenue growth was as a result of the company’s national expansion and due to an increased takeup of the company’s gaming systems solutions. 

During the year, the company continued to expand the footprint of its electronic gaming machine 

network. The number of EGMs in its network grew to 69,874.

“The strong growth in the EGM network was achieved through delivering its large scale projects, on time and on budget. These include the integration of the Flexi-NET gaming systems business, the successful roll-out into Victoria and an expanded presence in the hotel market.” 

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