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Ladbrokes reports increase in Q3 revenue and profit

Ladbrokes plc announced their Interim Management Statement for the three months ending 30 September 2010. Positive results show that the overall Group's net revenue was up 12% and operating profit up 128%, also up was eGaming net revenue by 17%.

Richard Glynn, Chief Executive, commented: “Although bolstered by successful latter stages of the World Cup and an easy comparative period, the growth rates achieved in the third quarter give the Board confidence that the Group is on track to meet its full year expectations.

“Ladbrokes has a great brand and a strengthened management team determined to drive operational improvements going forward. Though much remains to be done, I am encouraged by the progress we are making across the Group and I look forward to updating the market in February 2011.”

Source: InfoPowa News

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