888 Holdings sees higher FY profits, pays special dividend
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.
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.