Unibet enjoy Q1 profits rise

Unibet Group plc have announced an increase in net profits for the first quarter of 2011.

Q1 profit was up to £11.2m from the £10.6m figure of 2010, with net profit increasing from £9.5m to £10m. Gross winnings revenue was down on last year however, from £41.8m to £37.5m. The total number of active customers for the period was 328,054, down on the Q1 2010 mark of 379,473.

Unibet CEO Henrik Tjärnström said of the results: "I am pleased to announce that the first quarter of 2011 was another strong quarter for Unibet where we have continued to perform well across all our major markets fully in line with our strategy. In the Nordics the growth year on year was 24 per cent which shows that we are gaining strong market share.”

The company have also revealed that its B2B sportsbook division Kambi has agreed a deal with Interwetten, an arrangement that will their Supertoto and Superscore pool products offered to the online sportsbook’s customers.

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