Profits up but costs also for Sportingbet

Online bookie Sportingbet posted a surge in profits today but failed to win over investors after warning higher costs would dent its full-year performance.

Profits up but costs also for Sportingbet
Fri, 01 Nov, 2002 - 13:06

Online bookie Sportingbet posted a surge in profits today but failed to win over investors after warning higher costs would dent its full-year performance.

Turnover in the six months to September 30 soared from £293.2m (€460.3m) £494.5m (€776.3m), boosted by acquisitions.

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