Sporting Bet results causing Party and Empire dead cat bounce.

[mackthefork]

Sporting Bet have just announced a good set of figures for the 12 months to July 2005, Empire and Party also up 5% as a result.

Sporting Bet results

Financial Highlights - 12 months ended 31 July 2005

* Turnover of #1,526.2m versus #1,177.6m last year (2004 16 months: #1,422.8m)

* Gross margin of #175.8m versus #93.9m last year (2004 16 months: #108.8m)

* Operating profit, before goodwill and exceptional items, of #60.5m versus #20.8m last year (2004 16 months: #21.7m):
- Paradise Poker contributed #28.4m to operating profit (2004: Nil)
- Excluding Paradise Poker, operating profit up 54.3% to #32.1m

* Profit before tax of #40.8m versus #8.3m last year (2004 16 months: #5.4m)

Regards Mack