UK bookmaker William Hill has posted record results for the year to December 30, 2014, with overall profit up 11 per cent.
Full-year group net revenue rose by eight per cent in the year while operating profit was up 11 per cent to £371m.
In Q4, William Hill recorded continued year-on-year gaming growth in both online and retail. In the quarter, online sports wagering was up 16 per cent although the win margin was down 1.3 per cent to 6.8 per cent, which the company blamed on “customer-friendly results.”
Lifted by a 11 per cent Q4 increase in online gaming, net revenue for the online business in the quarter ended three per cent up, year on year.
James Henderson, CEO, said in a statement: “Overall it’s been a good performance in 2014 for the group, driven by both the continued development of our UK-facing operations and our international diversification, together with a successful World Cup.
“On a full-year basis, operating profit from online, William Hill Australia and William Hill US all continued to grow very strongly and retail delivered another resilient performance, benefiting from effective cost control.”
