GVC Holdings PLC (AIM:GVC) – positive update and dividend increased
The high yielding sports betting and gaming group, has issued a positive trading update for the six months to 30 June 2015, along with announcing an increased quarterly dividend of 14.0€cents per share. The Greek situation is impacting a small part of the business but other market continue to perform well.
They confirmed record trading for the six months to 30 June 2015 with sports wagers increasing 19% to €823million and the aggregate sports margin 8.9% (H1-2014: 9.9%), reflecting well publicised “punter-friendly” results in the year to date. Net Gaming Revenue (“NGR”) performed strongly, reaching €120million in the period, up 14% on the same period last year despite the benefit, in June 2014 alone, of 54 additional football fixtures in the World Cup.
Customer deposits also…
Previous article Next article
