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888 cuts dividend as high costs impact H1 profits

31st August 2010 8:40 am GMT

With increases in both operating and marketing expenses having a significant impact on the company’s bottom line, 888 Holdings plc said Tuesday that it will cut its interim dividend for the half year period ended June 30th after recording a 67 per cent drop in net profit to US$2.7m.

As a result of the challenging economic environment, 888 said that total operating income (TOI) was lower than expected at $130.2m for the six month period, an [...]

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