Online division boosts Ladbrokes Coral first half results

Online and land gambling group Ladbrokes Coral has posted its H1-2017 results, showcasing good growth in the online division, where digital revenues rose 17 percent year-on-year to GBP 374.5 million.

The company reported an overall rise in H1 operating profit of 7 percent to GBP 158.8 million, thanks largely to a strong online performance as retail operations lagged, falling 6 percent to GBP 697.2 million.

Overall group revenue rose one percentage point to GBP 1.19 million.

Ladbrokes increased its interim dividend for the six months to the end of June to 2p from 1p in 2016.