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Ladbrokes Suffers 63% Fall in Annual Profit

18th February 2010 10:50 am GMT

After a challenging year of trading across both its retail and interactive channels, Ladbrokes plc has reported a 7% fall in 2009 net revenue from its interactive business to £160.7 million, with only online bingo achieving growth during the period. Overall, Ladbrokes reported a 10% drop in total net revenues to £1.03 billion for the year, following further declines in its UK and Irish retail operations.

Ladbrokes said that the challenging economic climate had impacted online [...]

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