Online gaming firm Betfair intends to grow more aggressively in Europe
The London-based firm — which employs more than 100,000 people in its Irish operations — yesterday reported revenues of £188 million (€227m) for the six months to the end of October; down by 6% on a year-on-year basis.
However, underlying pre-tax profits rose 56%, on a year-on-year basis, to £32.5m, with EBITDA up 16% to £48.9m. There was a 51% annualised increase in underlying basic earnings per share to 26.2p and an interim dividend of 6p — 50% higher than at the same stage last year — has been recommended by the board.
