Betting Promotion reveal business growth

et creation, risk management and liquidity provision specialists Betting Promotion have announced B2B growth as well as improved margin and profit for their proprietary trading business.

The company’s B2B product has enjoyed a quarter-on-quarter turnover increase of 94% for Q4 2012, while the firm’s results for the period also record a gross margin increase from 1.1% to 2.4%, including an overall margin of 0.89% - a 48% increase on the same period last year.

In terms of management structure, Richard Hogg retains his position as CMO, while Oliver Zammit continues as CFO. Robert Wintersteller is now product manager and Lars Berglund has moved to the role of market manager.

Hogg said of the financial results: “I am delighted to have seen such growth in the organisation and look forward to presenting an even better product in the coming months. Everyone should know this is our 10 year anniversary so we are determined to still be growing in another 10 years.”