Betting Promotion’s results for the final quarter of 2012 show strong growth in its B2B operation and improved margins for its proprietary trading business.
The B2B operation saw gross margin increase from 1.10 per cent to 2.41 per cent, with an overall margin of 0.89 per cent for the business - an increase of 48 per cent on the same period last year.
Betting Promotion said that improved trading systems and selective markets accounted for the improvement, with sales of the B2B bookmaker product having also shown substantial growth. The B2B product saw quarter-on-quarter betting turnover increase by 94 per cent.
Jonas Ornstein, new CEO and existing board member, said: “The company has been left in very good shape following the recent departure of former CEO Johan Moazed and I wish to thank him for all his efforts over the last 10 years.”
The new management structure at Betting Promotion sees Richard Hogg retaining his position as CMO and continuing to lead on marketing and business development, with Oliver Zammit as CFO.
Richard Hogg said he was delighted to have seen such growth in the organisation and was looking forward to presenting an “even better product” in the coming months.
“Everyone should know this is our 10-year anniversary so we are determined to still be growing in another 10 years,” said Hogg.
