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Entain Plc FY Underlying Operating Profit Slightly Rises

Entain plc reported pretax profit of 174.7 million pounds for the year ended 31 December 2020 compared to a loss of 164.4 million pounds, prior year. Profit per share from continuing operations was 15.6 pence compared to a loss of 24.8 pence. Underlying operating profit was 529.5 million pounds, an increase of 2%. Adjusted EPS was 62.8 pence compared to 64.3 pence. Pre IFRS 16, underlying operating profit improved 3 percent to 507.2 million pounds.

Fiscal year net gaming revenue was 3.63 billion pounds, flat with last year.

The Board does not consider it prudent to pay a dividend at the time.

Entain plc has committed to becoming net zero for greenhouse gas emissions by no later than 2035, which is 15 years ahead of the 2050 target for carbon neutrality agreed by governments under the Paris Agreement.

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