StockMarketWire.com - Online gaming company Best of the Best said revenue and pre-tax profits in the first half had tracked ahead of market expectations for the full year.

Revenue was now almost entirely attributable to online sales, with only one physical site remaining at Birmingham Airport.

'Trading for the six months ended 31 October 2018 has been encouraging, with revenues and profits before tax generated tracking ahead of market expectations for the current financial year,' the company said.

Best of the Best said it had delivered a 'solid' performance in the first half, despite absorbing higher taxes due to moving from VAT to Remote Gaming Duty, or RGD.

'The board notes, however, that as announced in the recent budget, RGD is due to increase to from 15 to 21% from 1 October 2019,' it said.

'The board will be taking steps to minimise the impact of this tax increase and will aim to maintain margins and profit growth over subsequent reporting periods.'


At 2:43pm: [LON:BOTB] Best Of The Best Plc share price was +14p at 236p



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