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 operator's emerging offering. On a like for like basis (which uses H1 2014 exchange rates), revenue would have been up 9 per cent at $244.9m.

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