Webis Holdings (AIM:WEB) PLC shares fell 5% after revealing its main WatchandWager arm had a difficult time during the months of September, October and November.
The gaming group’s chairman Denham Eke called it a “mixed start” to the financial year for the group’s principal subsidiary, with trading having been “strong” during the summer months, with “excellent” commission levels from Saratoga in New York and Del Mar in California.
A loss of US$0.33mln was recorded for the half-year, with amounts wagered of US$38.2mln and turnover of US$6.23mln.
The loss was attributed mostly to the “exceptionally adverse weather conditions”, with Eke “extremely confident” trading will improve as the company heads into the spring months, helped by the rollout of a new business-to-customer marketing strategy.