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Betinternet moves to profitability at EBITDA level

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The Isle of Man-based sportsbook announced its interim results for the 26 weeks ended 26 November 2006, which showed a 53% rise in group turnover to £43.6m and an EBITDA profit of £182,000, compared with a £600,000 loss in 2005. Highlights also include a 27% rise in sportsbook turnover to £31.8m and a 19% increase in sportsbook margin to 2.5% (2005: 2.1%).