EBet projects up to 60 percent increase in NPBT for FY

EBet Ltd. said that it projects a 52 percent to 60 percent year-on-year increase in net profit before tax for the financial year ending June 30, 2015.

The company issued guidance for NPBT of between $5.5 million and $5.8 million, compared to $3.6 million for the 2014 financial year.

“Our growth momentum is underpinned by the strength of the business model, high and growing level of recurring revenue and an attractive pipeline of opportunities. Recurring revenues now constitute approximately 52 percent of total revenue,” said Ken Carr, eBet CEO.

Following the acquisition of gaming systems company Flexi-NET in July 2014, the company said it has started its product migration program to enable enhanced capabilities to 84 of its venues operating the Flexi-NET system in New South Wales.

The company expects to announce results for the 2015 financial year on or around August 27.

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