Plus   Neg

888 Holdings Reports Pretax Profit In H1; Group Revenue Up 1% - Quick Facts

888 Holdings Public Limited Company (888.L) reported profit before tax of $60.1 million for the six months ended 30 June 2018 compared to a loss of $17.3 million, prior year. Profit per share in cents was 15.0 compared to a loss of 5.0. Adjusted profit before tax increased by 13% to $42.5 million from $37.6 million. Adjusted basic earnings per share increased by 2% to 10.5 cents.

First-half Group revenue before VAT accrual release increased by 1% to $273.2 million from $270.1 million, previous year. B2C revenue increased by 2% to $246.7 million.

Itai Frieberger, CEO, said: "Trading during the second half of the financial year to date has been in line with the Board's expectations with average daily revenue excluding the UK 6% higher year on year, 4% lower overall and an encouraging 9% increase in Group new customers acquisition. We have several exciting growth opportunities ahead and the Board remains confident that the profit outlook for the full year will be in line with market expectations."

The Group has declared an interim dividend of 4.2 cents per share.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Bank of America (BAC) reported that its third-quarter earnings per share was up 43% year-over-year to $0.66. On average, 24 analysts polled by Thomson Reuters expected the company to report profit per share of $0.62 for the quarter. Analysts' estimates typically exclude special items. Net income to shareholders... InterContinental Hotels Group plc said it will remove plastic straws from its global estate by the end of 2019, representing more than 5,400 hotels in nearly 100 countries. According to the UK-based company, it has already removed plastic straws from nearly 1,000 hotels in its Europe, Middle East, Asia & Africa or EMEAA region. Citigroup Inc. on Friday reported a 12 percent increase in profit for the third quarter from last year, as slightly lower revenues were more than offset by a lower tax rate as well as decline in cost of credit and expenses. Earnings per share beat analysts' expectations, while revenues missed estimates. Citigroup's effective tax rate was 24 percent in the quarter.
Follow RTT