Centrebet, the Australian based online gambling company, has reported a net profit after tax of A$6.2 million during the six months to December 31. This figure includes the costs for the company's initial public offering in July.
Centrebet managing director Con Kafataris said "Centrebet is confident of exceeding its full year forecasts for total revenue, EBITDA (earnings before interest tax, depreciation and amortisation) and NPAT,"
The company went on to say that a focus on customer retention and better risk management will allow it to surpass its full year profit forecast.
"I am pleased to say that our targeted marketing strategy to retain and reactivate existing and dormant wagering clients, continued improvements on our risk management, coupled with favourable sport and racing results and efforts to grow profitable turnover are proving successful," Mr Kafataris said.
Cell phones, or mobile phones as they are known down-under, figure prominently in the company’s expansion plans and the phone and PDA platforms offer another way for punters to place sports wagers and play online games.
"We have a number of strong growth initiatives in the pipeline that will place the company in good stead for the years ahead," Kafataris said.
Centrebet reported that revenue from poker did grow, but due to “third party technical issues” lower than expected $3.2 million during the period.
