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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.
Gambling News :
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Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
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2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
Pokerstars Pulls Out Of Coloumbia -
Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.
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