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LCG confident of future growth despite H1 profit decline

22nd August 2012 8:01 am GMT

London Capital Group Holdings plc has reported a marginal 0.4 per cent decline in revenues to £18.4m (US$29.0m) for the first half of 2012, with second half results expected to be boosted by the company’s new white label deals which includes Gibraltar-based bookmaker Victor Chandler.

LCG said that the first half of the year had shown mixed results for the company’s divisions, with market conditions “particularly poor” and trading volumes being heavily depressed.

“Whilst our core business, [...]

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