Sportingbet Turning Profit Again

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Sportingbet's recent financial filing shows the company is profitable once again.

For the six-months ending Jan. 31, 2008 Sportingbet's wagering revenue increased 30 percent to £364.7 million and profit rose to £2.2 million.

“This has not been achieved by especially favourable outcomes to sports events - the margin percentage is actually slightly lower than last year - but rather from strong growth in turnover from our core sports offering and careful cost control,” said Andrew McIver, chief executive.

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