William Hill First-Half Profit Rises, Beating Expectations

William Hill’s first-half operating profit rose 14 percent, with both revenue and profit beating analyst expectations, led by William Hill Online’s sportsbook.

The London-based bookmaker said today operating profit gained to £167.8m in the six months ended June 26, as online sportsbook net revenue benefited from favourable horseracing results and gains in mobile.

"We have seen a strong performance in our multi-channel UK business in the first half, with a good performance from both OTC and machines in retail, and with our focus on innovation and investment continuing to deliver outstanding growth at William Hill Online," chief executive Ralph Topping said in a statement.

Topping said the board remains confident of its expectations for the full year.

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