888 Holdings sees higher FY profits, pays special dividend
888 Holdings (DI)
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12:09 19/04/24
Online gambling company 888 Holdings raised its full year guidance and declared a special dividend as first-half profits more than doubled on the back of higher casino revenues and customer growth.
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The company on Wednesday said it now anticipated adjusted annual core earnings to be "significantly ahead' of prior expectations.
Pre-tax profits for the six months to June 30, 2020 increased 130% to $50.9m on a 37% rise in revenue to $379m.
The interim dividend was raised to 3.2 cents per share from 3 cents and included an additional one-off 2.8 cents bringing the total to 6 cents.
“During the third quarter to-date 888 has continued to trade ahead of the board's expectations with average daily revenue 56 % higher than the prior year,” 888 said.