Kindred Group Soars In Unaudited 2016 Results

KINDRED GROUP SOARS IN UNAUDITED 2016 RESULTS

16th February, 2017 at 05:03:31
Source: http://www.azonlinecasinos.com

Achieves a series of all-time-high's.

Kindred Group plc (formerly Unibet) has reported a series of all-time-high's in its fourth quarter and full year 2016 results.

Key performance highlights for the fourth quarter and full year 2016 period ending December 31, 2016 include:

Gross winnings revenue of £ 152.0 million (Q4/2015: £ 111.4 million), and £ 544.1 million (2015: £ 354.1 million) for full year 2016.

Underlying EBITDA came in at £ 39.3 million (Q4/2015: £ 27.1 million, and £ 123.7 million (2015: £ 80.8 million).

Profit before tax amounted to £ 30.1 million (Q4/2015: £ 21.3 million) for the fourth quarter, and £ 92.8 million (2015: £ 62.2 million) for the full year 2016.

Profit after tax for the fourth quarter of 2016 amounted to £ 29.4 million (Q4/2015: £ 19.4 million), and £ 83.9 million (2015: £ 55.7 million) for full year 2016.

Earnings per share for the fourth quarter of 2016 were £ 0.129 (Q4/2015: £ 0.084) and £ £ 0.366 (2015: £ 0.244) for the full year 2016.

Number of active customers at the end of the quarter was 1,150,027 (2015: 921,150).

A dividend of £ 0.310 per share/SDR (Q4/2015: £ 0.235) has been proposed by Kindred's Board of Directors equating to around SEK 3.46 (Q4/2015: SEK 2.87) per share/SDR. The total dividend amounts to a distribution of £ 71.4 million (2015: £ 54.0 million) to shareholders.

Kindred revealed 35% of the Group's gross winnings revenue were generated by locally regulated markets, while the mobile channel grew 74% and accounted for 71 per cent of total gross winnings revenue in the fourth quarter.

The momentum has continued into 2017, Henrik Tjärnström, chief executive officer of Kindred Group, reports: "In the period up to 12 February 2017, average daily Gross winnings revenue in £ was 36 per cent higher compared to the same period in 2016. Adjusting for the impact of exchange rate changes, the growth was 21 per cent".

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