NETeller Reports Great QuarterMay 25, 2005 - Probably the best known and most respected online payment gateway, NETeller recently announced that it was extremely happy with its first quarter results. The company reported an increase in pre-tax profits of 136%, translating to $18.2 million for the first quarter. Total revenue reached a high of $34.2 million, a 121% increase which pushed the share price up 158% to $0.14. A company representative confirmed that due to the ever-increasing popularity of online gambling and the launch of new online casinos, NETeller was continuing to grow and increase its profitability with almost 3000 new members joining each day. In fact, NETeller signups have increased by 38% from the previous quarter and 75% from the same time last year which helps to explain the company's over 1.5 million members. |
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