Advertisement

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%.

Advertisement - Article continues below

"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

Advertisement
Advertisement

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

What gold, bonds and tech stocks have in common
Stockmarkets

What gold, bonds and tech stocks have in common

"Risk off" or "safe haven" assets such as gold and government bonds have been doing well lately. But so have riskier tech stocks. That seems to defy c…
10 Jul 2020
An economics lesson from my barber
Inflation

An economics lesson from my barber

On reopening his shop after lockdown, Dominic Frisby’s barber doubled his prices. It’s all part of the post-Covid inflation process – and we’re going …
8 Jul 2020
House price crash: UK property prices are falling – so where next?
Property

House price crash: UK property prices are falling – so where next?

With UK property prices falling for the first time in eight years, are we about to see a house price crash? John Stepek looks at what’s behind the sli…
2 Jul 2020