“The profit on ordinary activities for the year was £24.8m (2008 £50.5m). ….During the year the company disposed of its investments in BDD Holding A/S and Invest World A/S, two companies in Denmark, which closed during the year. The company recognised a loss on disposal of these investments of £11.9m).”
I am trying to determine whether the loss of £11.9m relates to Betfair’s acquisition of Pokerchamps.
Betfair Australasia Pty Ltd had, according to Reuters, recorded a net loss of around A$11.8 million for the year to the end of April 2009. Betfair’s marketing costs had allegedly increased to A$7.7 million for the year, up from A$1.3 million, “following the lifting of bans on interstate advertising”.
