Neteller - Another good quarterly results

08.11.2005

Online gambling's most ubiquitous e-cash processor, Neteller is taking a bullish view of it's full year performance following another good quarterly result just released.

Neteller income before tax rose significantly to $26.3 million in the three months ending 30 September 2005 from $12.8 million in the corresponding quarter last year. Revenues increased to $44.9 million from $22 million the year before.

"The third quarter is traditionally strong and we have seen excellent growth across all areas of the business on a year-to-date basis. We look forward to the final quarter of 2005 with confidence and expect to demonstrate continued progress," chief executive Gord Herman said in a company statement.