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Betfair completes turnaround with record revenue and profit

11th June 2014 8:17 am GMT

Betfair Group has proposed a 54 per cent increase in its full year dividend for the year ended April 30th, after returning to profit on the back of its first annual revenue increase in three years.

Total revenue rose 2 per cent to £393.6m, benefiting from strong growth in the company’s sportsbook and US operations, which was partially offset by a weak performance from online gaming. Results also included significant adverse impacts from market exits (£13.3m) [...]

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