logo
Plus   Neg
Share
Email
Comment

Ladbrokes Coral 4-month Revenues Rise; Remains In Line With FY View

Ladbrokes Coral Group plc (LCL.L) Monday said its Group net revenue for the four months ended October 29 improved 3% on a reported basis and 2 percent at constant currency rates. Further, the company said it remains in-line with its expectations for the year.

In its trading update for the period July 1 to October 29, the company said UK Retail like-for-like net revenue was 1% behind the previous year. European Retail net revenue climbed 17%.

Digital net revenue was 12% ahead of last year and 15% ahead excluding the Euros. Sportsbook net revenue grew 18% and Gaming net revenue grew 6%.

Ladbrokes Coral Group CEO, Jim Mullen said, "The four month period to 29 October represents another period of positive trading performance for the Group as well as solid delivery on the key operational and financial targets for the year including the swift integration of people, operations and platforms."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Amid a government shutdown, the Senate voted Monday to move forward on a short-term spending bill to re-open the government. The Senate voted 81 to 18 in favor of limiting debate on the bill, which would fund the government through February 8th. Opera, a web browser for Windows, macOS, and Linux operating systems, has added cryptocurrency mining protection to its mobile browsers. It is part of the browser's ad blocker function. In its desktop-based versions, Opera had introduced cryptocurrency miner protection in early January. French drug giant Sanofi SA Monday announced an agreement to buy US-based hemophilia drugmaker Bioverativ Inc. (BIVV) for around $11.6 billion. The deal expands Sanofi's presence in specialty care and strengthens leadership in rare diseases. Sanofi shares were losing around 4 percent in the early morning trading in Paris.
comments powered by Disqus
Follow RTT