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Gala Coral Releases Quarterly Results

Internet betting firm the Coral Group has released its quarterly financial results, noting what the group deems "satisfactory" progress in its gaming operations.

Key financial indicators for the second quarter ending April 13th, 2013 were:

  • Group turnover of £311.3 million (Q2/2012: £284.4 million), up 9%

  • Gross profit of £234 million (Q2/2012: £221.6), up 6%

  • EBITDA (pre-exceptionals) of £74.2 million (Q2/2012: £71.8 million) up 3%

  • Player numbers jumped by 43% when compared to the same period in 2012, with staking levels up by 35%

Commenting on the results Gala Coral Croup CEO Carl Leaver said, “Both interactive businesses grew volumes strongly and Eurobet Italia continued to take market share both in its shops and online, with more growth to come following the acquisition of 500 new shop licences."

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