StockMarketWire.com - Best of the Best's revenues rose by 30% to GBP4.98m in the six months to the end of October.

The group - which runs competitions to win luxury prizes both online and at retail locations - posts pre-tax profits of GBP0.48m, up from GBP0.43m last time.

Online revenues increased to GBP3.26 million (2014: GBP1.73 million) - representing 66.5% of total revenue.

Chief executive William Hindmarch said: "I am pleased to announce a solid set of interim results with increased revenues and profits. The business has traded well during the period and the growing emphasis of online sales has been encouraging.

"During the period we have significantly grown our online marketing investment. We continue to test multiple marketing channels to recruit online players to help us to scale the business. It is our intention to further increase our marketing investment for the remainder of the financial year.

"Our weekly car competition (previously twice a month) with a guaranteed winner, continues to be 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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