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BETMAKERS TECHNOLOGY GROUP LTD — Earnings Release 2018
Aug 30, 2018
64512_rns_2018-08-30_97bf2d67-d4e6-4565-a4e7-3b9dd1d620a5.pdf
Earnings Release
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The BetMakers Holdings Limited Appendix 4E Preliminary final report
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1. Company details
Name of entity: The BetMakers Holdings Limited ABN: 21 164 521 395 Reporting period: For the year ended 30 June 2018 Previous period: For the year ended 30 June 2017
2. Results for announcement to the market
| $ | ||||
|---|---|---|---|---|
| Revenues from ordinary activities | up |
179.2% |
to |
17,246,477 |
| Loss from ordinary activities after tax attributable to the owners of The | ||||
| BetMakers Holdings Limited | down | 21.5% | to |
(5,976,540) |
| Loss for the year attributable to the owners of The BetMakers Holdings | ||||
| Limited | down | 21.5% | to |
(5,976,540) |
Dividends
There were no dividends paid, recommended or declared during the current financial period.
Comments
The loss for the group after providing for income tax amounted to $5,976,540 (30 June 2017: $7,618,257).
Further information on the 'Review of operations' is detailed in the Directors' report and Chief Executive Officer's report which is part of the Annual Report.
3. Net tangible assets
| Net tangible assets per ordinary security |
Reporting period Cents 5.65 |
Previous period Cents 2.27 |
|---|---|---|
| 4. Control gained over entities Not applicable. |
||
| 5. Loss of control over entities Name of entities (or group of entities) TopBetta Pty Ltd Date control lost 30 June 2018 Contribution of such entities to the reporting entity's profit/(loss) from ordinary activities before income tax during the period (where material) Profit/(loss) from ordinary activities before income tax of the controlled entity (or group of entities) whilst controlled during the whole of the previous period (where material) Refer to note 8 for further details. |
$ (7,814,994) (7,814,994) |
The BetMakers Holdings Limited Appendix 4E Preliminary final report
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6. Details of associates and joint venture entities
| Reporting | entity's | Contribution to profit/(loss) | Contribution to profit/(loss) | |
|---|---|---|---|---|
| percentage | holding | (where material) | ||
| Reporting | Previous | Reporting | Previous | |
| period | period | period | period | |
| Name of associate / joint venture | % | % | $ | $ |
| Modern Wagering Systems Pty. Ltd. | - | - | - | (11,932) |
| Group's aggregate share of associates and joint venture | ||||
| entities' profit/(loss) (where material) | ||||
| Profit/(loss) from ordinary activities before income tax | - | (11,932) | ||
Income tax on operating activities |
- | - |
The investment of associates was divested during the year ended 30 June 2017. Refer to Note 10 for further details.
7. Foreign entities
Details of origin of accounting standards used in compiling the report:
Not applicable.
8. Audit qualification or review
Details of audit/review dispute or qualification (if any):
The financial statements have been audited and an unqualified opinion has been issued.
9. Attachments
Details of attachments (if any):
The Annual Report of The BetMakers Holdings Limited for the year ended 30 June 2018 is attached.
10. Signed
Signed _________
Date: 31 August 2018
Todd Buckingham Director Sydney