Friday, October 7

Tag: SPS Sportsoft Limited

SportPesa technology firm turns a profit on revenue jump
Science

SportPesa technology firm turns a profit on revenue jump

Companies SportPesa technology firm turns a profit on revenue jump Monday June 27 2022 SportPesa CEO Ronald Karauri. FILE PHOTO | NMG SPS Sportsoft Limited, the company offering technology support services to SportPesa betting firms, last year reversed its 2020 losses to book a profit of £170,433 (Sh24.6 million) indicating acquisition of new business.The firm had made a loss of £4.1 million (Sh595 million) in 2020 after its single largest client — Kenya-based Pevans East Africa — ceased operations in 2019 after the government declined to renew its operating licence, citing unpaid taxes in excess of Sh15 billion.Pevans achieved large-scale profitability in record time after launching operations in 2014, attracting increased government scrutiny amid concerns of increased gamblin...