By John Oates, 29 October 2001 13:20
NEWS Sportingbet.com has posted its first ever profit, and remains confident that the recession won't hurt future business. But it admitted the cancellation of US sport for nine days after the 11 September did hit the bottom line. Sportingbet made a profit of £400,000 before exceptional items for the six months to 30 September 2001. This compares with a loss of £3.5m for the same period last year. Turnover was up to £293m, from £114m for the same period of 2000. The company said in a statement "There is no sign of any recessionary effects on the Company's trading activities in any of its markets."
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