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Record revenue for 888 but exceptional charges weigh on bottom line

5th September 2017 7:31 am GMT
888 Holdings

London-listed 888 Holdings has reported a net loss of US$17.9m for the first half of 2017, after incurring exceptional charges of $50.8m relating to historical VAT matters in Germany and last week’s UK Gambling Commission settlement.

Revenue increased by 3 per cent to a record $270.1m in H1, but rose by 9 per cent on a constant currency basis following continued strong growth from its B2C business.

Chief executive Itai Frieberger said that the revenue performance was [...]

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