UK based betting giant Gala Coral has released its full year 2014 financial results, noting that the company saw gross profits jump over the previous year.
Key financial indicators for the full year ending September 27th, 2014 were:
Group gross profit amounting to GBP 890 million, up 9 percent on FY2013
Total group EBITDA of GBP 235.5 million, 14 percent ahead
Online performance was:
Coral.co.uk actives grew 70 percent and gross profit 134 percent
A three-fold increase in Sportsbook Bet-In-Play stakes
Galabingo.com saw an increase in spend-per-active of 23 percent and gross profit was ahead 18 percent
Galacasino.com grew actives by 14 percent and gross profit by 36 percent
Mobile gaming performance was:
- Percentage of actives using the mobile platform increased across all brands: Coral.co.uk 67.2 percent, Galabingo.com 54.3 percent, Galacasino.com 48.7 percent and Eurobet 45.3 percent
Commenting on his company's performance Gala Coral CEO Carl Leaver said, "The Group's financial performance in the full year was very pleasing with all major divisions reporting underlying growth in both gross profit and EBITDA. The significant investment in launching our new Online business is paying off strongly, with gross profit up 54 percent and EBITDA up 104 percent."
"The momentum continues as current trading for the first 7 weeks of the new financial year shows growth in the online division "continuing on the same trajectory as FY14".