Trading Statement
October 03 2003 - 2:00AM
UK Regulatory
RNS Number:4722Q
Sportingbet PLC
03 October 2003
Sportingbet Plc
("Sportingbet" or the "Company")
Trading Update
3 October 2003
Trading update for the period to 30 September 2003
During the six months to 30th September 2003, Sportingbet Plc has made
good progress in the development of its business. The growth in
customer numbers and the number of bets placed have been strong and, as
expected, the Company's bank processing performance has much improved.
Accordingly, the financial performance of the Group for the first five
and a half months of the year has been in line with expectations.
However, during the last two weeks of September as a result of an
unusually high number of unfavorable sporting results in the NFL and
European soccer, Sportingbet's gross margin for the six months ended
30th September 2003 will be approximately #2 million below expectations.
The underlying performance of the Group continues to progress well and
the Board continues to look forward with confidence.
The Board anticipates releasing the results for the six months to 30
September 2003 on 23 October 2003.
Further inquiries:
Sportingbet Plc
Nigel Payne, Group Chief Executive
Andrew McIver, Group Finance Director 020 7251 7260
Cubit Consulting
Peter Ogden 020 7367 5100
The information contained herein is not for publication or distribution to
persons in the United States of America. The securities referred to herein have
not been and will not be registered under the US Securities Act 1933, as
amended, and may not be offered or sold without registration thereunder or
pursuant to an available exemption therefrom.
This information is provided by RNS
The company news service from the London Stock Exchange
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