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Ladbrokes in line with expectations but Q1 operating profit slumps

30th April 2014 8:14 am GMT

UK bookmaker Ladbrokes has re-iterated its commitment to a full year dividend of at least 8.9 pence per share for the current financial year, despite seeing operating profit halve to £17.4m during the first quarter of 2014.

Total net revenues fell by 2 per cent compared to the same period last year, with Ladbrokes attributing the decline to the impact of industry-wide results in football and horse racing. Excluding Betdaq and Australia, total net revenue would [...]

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