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LADBROKES POSTS 20 PERCENT RISE IN FY OPERATING PROFIT
Posted 2/17/11 : UK betting group delivers results at the upper end of expectations
The 20 percent rise in full year operating profit reported this week by UK gambling group Ladbrokes plc should keep the shareholders happy. The land and online gambling group made an operating profit of GBP202.3 million pounds in 2010, up from GBP168.5 million the year before, thanks mainly to the popularity of new gambling machines and in-play betting.
Market expectations had ranged between GBP186 and GBP204 million with the consensus at GBP195 million, according to a Thomson Reuters poll of 16 analysts.
The company announced preliminary results for the year ended 31 December 2010, posting profit attributable to equity holders of GBP348.3 million or 38.4 pence per share, well up from GBP74.4 million or 9.9 pence per share last year.
Profit for the year - continuing operations was GBP375.4 million, compared to GBP146.4 million in the prior year. Profit before taxation was GBP147.1 million, lower than GBP174.1 million a year ago, whilst pre-tax profit increased to GBP193.3 million from GBP191.3 million in the previous year.
However, revenue declined to GBP980.1 million from GBP1.03 billion in the prior year.
The Board has announced a final dividend of 3.75 pence per share taking the full year dividend to 7.60 pence per share.
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To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
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NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
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PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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