Strong final quarter for William Hill

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

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

Net revenue grew by 12% in the 53 weeks to January 1 while operating profit was up 20%. Online net revenue grew by 27%, after strong Sportsbook and Casino growth, while retail net revenue rose by 6%.

"The last quarter of 2012 saw a continuation of the good performance seen earlier in 2012, supported by a strong gross win margin result," the group said in a statement.

In the final quarter retail net revenue was up 12% on the same period a year earlier while online net revenue was up 29% in the quarter.

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

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