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Probability appoints finance chief as it moves towards profitability

Last updated: 01:07 24 Jan 2013 EST, First published: 02:07 24 Jan 2013 EST

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Mobile gaming specialist Probability (LON:PBTY) has appointed a chief financial officer and said it is moving towards profitability.

Qurban Hussain has a strong background in finance and the online gambling industry and will join on April 2.

He was previously head of commercial finance at Betfair where he was involved in implementing its international commercial strategy.

He also spent three years at William Hill.

Chief executive Charles Cohen said: "Our recent growth has merited the appointment of a board-level chief financial officer. Qurban is joining Probability at an important stage in our growth and I am sure he will make a very valuable contribution as we move towards profitability."

Last week the firm told investors that it expects to expand its offering in the UK and Italy and remains confident of performing in line with guidance for the year to March 31 this year as it released third quarter results.

 

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