Ladbrokes Ireland revenues rise 4%

The Irish division of UK betting services group Ladbrokes-Coral grew net revenue by 4% - to £19.8m (€21.5m) – in the first half of this year.

The group operates 141 shops in Ireland and said its Ladbrokes Ireland business – which went through the examinership process two years ago – reduced operating costs by 9% in the six months to the end of June, resulting in operating profit rising by 14%.

On a group-wide basis, Ladbrokes-Coral – formed through last year’s $3.4bn merger between the two - reported a 7% rise in first-half operating profit, driven by strong trading online.