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Higher tax costs halve 888 profits in first half 2015

28th August 2015 8:03 am GMT
888 Holdings

The introduction of the UK’s Point of Consumption tax and the newly-introduced European Union VAT charges have hit 888’s revenue and earnings for the first half of 2015, with profit after tax falling almost 50 per cent during the period.

Group revenue for the period was down marginally, falling 2 per cent to US$220.0m as a result of the EU VAT charges, which amounted to $5.1m, with all verticals declining aside from the [...]

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