Shares in 888 Holdings plc hit a new 52-week high in London this morning after the company reported record revenues for the 2011 year, although a significant increase in expenses meant that the company saw its profit for the year decline by 75 per cent.

Total revenues were up 26 per cent year-on-year to US$331.1m following growth across all of the company’s business segments.

“2011 has been a phenomenal year for us, refocusing on our core product offer and the success of our Poker 6 platform has delivered exceptional growth across all key metrics,” said Brian Mattingley, newly appointed permanent CEO of 888.

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