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Ladbrokes cuts dividend as operating profit falls 38% in first half

24th July 2015 8:22 am GMT

UK bookmaker Ladbrokes has reported a 38 per cent drop in total operating profit to £41.7m for the first half of 2015, after incurring an operating loss of £11.5m from its digital business.

Including high rollers, total net revenue fell marginally versus a year ago to £588.8m, with a significant decline in telephone betting offsetting growth in the UK retail, European retail, and digital businesses.

Ladbrokes said that results continued to favour customers during the period, while [...]

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