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William Hill records 19 percent increase in core earnings |
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Written by Richard Dukes
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Monday, 05 March 2007 |
LONDON - William Hill, UK's biggest bookmaker, has reported a 19 percent increase in its 2006 core earnings and expects a strong performance for 2007.
The company posted profits at £292.2 million compared to £245 million last year. The profits comfortably beat analysts’ predictions of £235 million.
Announcing the figures chairman Charales Scott said, "The group has seen strong profit growth in the period, realizing the full-year benefits of the Stanley Retail acquisition and benefiting from good organic growth. We remain confident of the group's future prospects."
The company said that the Football World Cup gave a strong boost to earnings, with over £1 billion worth bets placed during that period. Gross win during nine weeks ending-February 27 rose to 11 percent.
It said that it would be offering a dividend of 14.5 pence, with the total dividend at 21.75 pence, up by 19 percent as compared to last year.
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