StockMarketWire.com - Best of the Best - which runs competitions to win luxury prizes both online and at retail locations - posts pre-tax profits of £0.81m for the year to the end of April, up from £0.45m last time.

Revenue rose by 25.7% to £8.8m with online revenues up by 57.5% at £5.0m.

Chief executive William Hindmarch said: "I am pleased to announce an encouraging set of preliminary results with increasing revenues and profits. This has been a positive year for the business as we have increasingly become an online business.

"We spent much of the year gradually increasing our online marketing investment, as we tested multiple online marketing channels to recruit online players to help us to scale the business. It is our intention to further increase our marketing investment in the current financial year.

"Our significant move to operating a weekly car competition (previously once every two weeks), with a guaranteed winner, has been well received by existing customers as well as aiding the acquisition and conversion of new customers, both at airports and online.

"The business is well placed for future growth and we look forward to updating shareholders on progress in due course."






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