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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.

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