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Sportech to return £20m to shareholders as VAT claim boosts bottom line

2nd March 2017 9:37 am GMT

Sportech has posted a net profit of £13.1m for the 2016 year, benefiting from a net gain of £91.0m following the successful Supreme Court outcome on its long-running Spot the Ball VAT ruling.

Alongside an agreement to dispose of its Football Pools business for £83.0m, Sportech said Thursday that its full year results were in line with expectations as EBITDA rose 3 per cent to £23.8m, although revenue fell by 2 per cent to £98.6m.

"This has [...]

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