France-Pari on a roll for three consecutive quarters

French operator France-Pari has announced that it has made a profit for three consecutive quarters.

During the third quarter 2014, the company’s revenues grew up to €4.1 million compared to €3.2 million for the same period in 2013. Company EBITDA for the quarter amounted to €115,000 and net income to €70,000.

Cumulative revenues for the first three quarters of 2014 amounted €13,1M, a growth of 60 per cent compared to the previous year. EBITDA reached €430,000 and net profit  €260,000.

Sportsbetting revenues for the firm reached €3.6 million for Q3, vs €2.8M in 2013. Meanwhile the GGR rate rose sharply to 21.1% during the quarter, against 17.3% in 2013, thanks to strong performances on the football matches: end of the World Cup, beginning of European Championships and Champions League. Mobile betting exceeded 30% in September and the company has taken steps to strengthen this growth.

Last month France Pari launched a betting application dedicated to Android phones, in addition to its iPhone app and its smartphone-optimised website.