Online betting group Betfair has reported after-tax profits of £23m for the year to the end of April, up more than 52% on the previous year. Revenue was 15.4% higher at £393.3m.
Betfair said underlying revenue growth - when one-off items and profits on disposals were excluded - was almost 8%, while underlying earnings per share grew by 56%. The company had customer funds of £305.6m on deposit by the end of April.
Betfair said it was a record year for its site, with the number of bets matched rising by 20% to 916 million. Revenues from football betting climbed by 24%.
Chief executive David Yu said, however, that revenue growth was not as strong as Betfair had initially anticipated, with poker revenues falling and technology issues leading to a number of disruptions to its site.
He said revenue in the first eight weeks of the new financial year is lower due to the comparison with last year's World Cup.
