Spreadex's FY23 Turnover Up 25%

Headquartered in the UK, Spreadex, a financial spread betting and sports betting firm, has delivered strong financial results for the 2023 fiscal year as of May 31, 2023, with the annual revenues witnessing a rise of 25% from the prior year.

The company's turnover for the current fiscal year was £88.8 million, compared to £71.2 million in the 2022 fiscal year. The annual profit was £28.2 million, a 25% increase from the previous year's £22.5 million.

Gross profit amounted to £76.2 million, up 19% from £63.8 million. Operating profit increased by 25% to £34.5 million, and pre-tax profit was up 27% to £35.5 million.