Edition:
India

Kindred Q2 core profit rises, growth strong so far in Q3


Wednesday, 25 Jul 2018 

July 25 (Reuters) - Kindred Group PLC ::SAYS GROSS WINNINGS REVENUE AMOUNTED TO GBP 219.0 (166.6) MILLION FOR Q2 OF 2018.SAYS UNDERLYING EBITDA FOR Q2 OF 2018 WAS GBP 41.7 (33.4) MILLION.SAYS PROFIT BEFORE TAX FOR Q2 OF 2018 AMOUNTED TO GBP 28.9 (22.9) MILLION.SAYS IN PERIOD UP TO 22 JULY 2018, AVERAGE DAILY GROSS WINNINGS REVENUE IN GBP WAS 29 PER CENT HIGHER COMPARED TO SAME PERIOD IN 2017.SAYS ADJUSTING FOR IMPACT OF EXCHANGE RATE CHANGES, GROWTH WAS 30 PER CENT.SAYS WORLD CUP PROVIDED A SIGNIFICANT ALL-TIME HIGH IN CUSTOMER ACTIVITY AND CONTINUED STRONG ORGANIC GROWTH, AND UNEXPECTED RESULTS LED TO A SPORTSBOOK MARGIN OF 8.2 PER CENT AFTER FREE BETS. 

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