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William Hill tops forecasts thanks to World Cup

first_img Tags: NULL John Dunne Bookmaker William Hill said it expected to report operating profit at the top-end of analysts’ expectations after a strong third-quarter helped by favourable football results and the later stages of the World Cup.The company, which has a high-street and an online presence, said net revenue grew 22 per cent, with Internet revenue up 35 per cent against 16 per cent growth for retail, and group operating profit rose 64 percent in the 13 weeks to 28 September. Chief executive Ralph Topping said: “We have seen an ongoing positive performance from our growing online business and from machines which, when allied to a period of very favourable sports results, have driven strong net revenue performance.”He said the group was well placed for the final quarter, although wider economic concerns kept it cautious for 2011.Analysts expect the group to report operating profit for the year of £253m, with a range of £247m to £262m, according to a company-supplied consensus.Investec analysts Paul Leyland upgraded his expectation for 2010 earnings per share by 5.5 percent to 19.3 pence and pretax profit by 4.5 per cent to £200.6m pounds after the update.“This was driven almost entirely by a better than average football margin and so we are not changing 2011E forecasts,” he said in a note on Thursday. Show Comments ▼ William Hill tops forecasts thanks to World Cup whatsappcenter_img More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Share Thursday 21 October 2010 3:40 am Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo whatsapplast_img read more

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