William Hill enjoy strong first quarter
William Hill have reported an encouraging first quarter of 2011 as the bookmaking giants saw operating profit rise by 21% compared with the same period last year.
Net revenues also increased by 11% from the Q1 2010 figure, with net revenues in the firm’s retail division up 8%. Online revenue was up 26%, while operating profit increased 28% on the first three months of last year. The company’s net debt was revealed as £458m, down from £499m at the end of Q4 2010. William Hill shares rose 9% upon the release of the latest figures.
Hills chief executive Ralph Topping said of the results: “We have seen excellent growth across our business in the first quarter, enabling us to remain confident in our expectations for the full year.
“It is particularly pleasing that, alongside a continuing strong performance from William Hill Online, we have seen growth in both net revenue and operating profit in retail.”
Gambling Insider delivers the latest industry news, in-depth features, and operator reviews that you can trust. Our team combines rigorous editorial standards with decades of specialized expertise to ensure accuracy and fairness. We are committed to delivering clear, impartial, and dependable coverage across the global gambling sector.
