Ladbrokes PLC: Positive Results for Trimester


Management hopeful about full year outcome

The Interim Management Statement was issued by Ladbrokes plc, containing the results of the quarterly operations up to Sept. 30, 2010. It was stressed that the positive outcome of the trimester resulted in 12 percent revenue growth and magnificent 128 percent of operating profit increase, whereas the eGaming net revenue grew by 17 percent.

A statement made by the Group CEO Richard Glynn: '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,' he added.

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