Strong final quarter for William Hill

Bookmaker William Hill said its good performance continued into its final quarter after strong performances in retail and online.

Group net revenue grew by 12% while operating profit was up 20%. Online net revenue grew by 27% during the quarter, after strong Sportsbook and Casino growth, while retail net revenue rose by 6%.

Chief Executive Ralph Topping commented: "Q4 delivered a strong end to an already good year in 2012. Performance was robust in retail and profits continued to grow strongly in online, with sporting results going in our favour in both channels."

William Hill also said it was pleased with the strategic progress made during the year.

"With both the acquisition of Sportingbet's online business in Australia and the current Playtech call option process expected to conclude during early 2013, the group continues to enhance its already strong platform for the continued development of the business," it said.

CJ