Coral Posts Q4-2016 Numbers Ahead Of Merge With Ladbrokes.

CORAL POSTS Q4-2016 NUMBERS AHEAD OF MERGE WITH LADBROKES.

20th October, 2016 at 08:47:57
Source: http://www.azonlinecasinos.com

Online shines in quarterly report.

Ahead of its forthcoming merge with Ladbrokes, the online and land gambling group Coral published its Q4-2016 financial numbers Thursday, detailing the twelve week period ended September 25 2016.

Financial figures include Coral Retail and Eurobet Retail and Online, but exclude Gala Retail.

Trading in the 12 week period was positive with total Coral Group net revenue 8.9% ahead of last year (YTD +11.3%), the company revealed in a statement.

Coral Retail net revenue grew 0.3% driven by an improvement in OTC gross win margin and machines growth, whilst Eurobet Retail net revenue was 31.2% ahead of last year, with strong growth in sports stakes.

Online operations delivered continued strong growth with net revenue 23.7% ahead of last year (YTD+28.3 percent) with Coral.co.uk net revenue 31.7% ahead driven by strong sports stakes growth.

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