Frank Prenesti at Sharecast.com14 Apr 2023 09:22
888 Holdings sees higher earnings this year
Fri, 14th Apr 2023 07:18
(Sharecast News) - William Hill owner 888 Holdings on Friday said it expected "significantly" higher adjusted core profit for this year, but said revenue could be lower by a low-to-mid single digit percentage.
The bookmaker posted an 82% rise in adjusted core profit to £217m for 2022 as earnings from William Hill, which it bought last year, offset a hit from new online gambling safety rules in the UK.
On a pre-tax basis the company swung to a £115m loss from a profit of £59m a year earlier.
Reporting by Frank Prenesti at Sharecast.com