WorldSpreads Group has announced it’s full year s results for the period ending march 31 2008, revealing a large increase in turnover.
Turnover was up 87% to €12.3m while operating profit before costs was up 576% to €3.6m.
Other highlights included and increase in average bets per day by 73%, the group beings admitted to the AIM and the IEX and 2,560 new clients registered during the period.
Commenting on the results chief executive officer, Conor Foley, said:“We are pleased to announce very encouraging results for the year ended 31 March 2008, the first set of annual results to be reported since the Company floated on AIM in August 2007.
“Throughout the year, the Company has enjoyed strong trading conditions and this is reflected in the substantial levels of growth that has been delivered in respect of all key performance indicators. There have been many encouraging features, particularly our continuing strength in the Irish market place.
"As announced recently, we have undertaken a dual listing on the IEX market of the Irish Stock Exchange in order, amongst other things, to reinforce our brand leadership in Ireland and provide our Euro denominated shareholders a means to trade the shares without exposure to Sterling.”