Financial News hailed the growing contribution from its mobile product suite and growth in sports volumes in a trading update Thursday, but said that poor sporting results had led to a decline in gross win margins for the first six months of the year.

The operator said that sports turnover had grown versus a year ago, despite the contribution from the FIFA World Cup last year. However, poor sporting results in the period drove down gross win margins, with the higher turnover failing to translate into revenue growth.

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