London-listed gaming operator Ladbrokes Coral Group said Wednesday that it expects its 2016 operating profit to increase by as much as 21 per cent to between £275m and £285m, despite the impact of poor sporting results in the UK during the second half of December.

In its maiden results since the completion of its merger last October, the operator said that its results were in line with market consensus for Ladbrokes, and in line with management expectations for the Coral Group.

There was a strong performance from the company’s digital business, which saw combined net revenue increase by 18 per cent during the final quarter of the year, helping to offset a decline in UK retail net revenue.

Premium subscribers continue here to the full article.

Related