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Ladbrokes shares rally despite swing to loss in 2015

23rd February 2016 9:10 am GMT

London-listed bookmaker Ladbrokes has reported a 2.1 per cent improvement in group revenue for 2015, although higher taxes and marketing costs drove the company to a £43.2m pre-tax loss for the year.

Total 2015 net revenue amounted to £1,199.5m, up 2.1 per cent year-on-year, with high-rollers contributing £4.0m of the total compared to £15.7m a year ago.

Excluding high rollers, both the UK retail segment and digital channel recorded year-on-year revenue growth, offsetting falls in the European [...]

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