Business

Tuesday 22 August 2017

William Hill first half operating profit falls 16pc on online woes

William Hill
William Hill

Paul Sandle

William Hill, the British bookmaker that recently sacked its chief executive and has been targeted for a takeover, posted a 16pc drop in first-half operating profit, hurt by a poor performance in its online business.

Philip Bowcock, who was appointed interim chief executive a fortnight ago, said the first half of the year had been challenging, but it was committed to fixing the problems after its online revenue dipped 3pc.

"We have taken considerable steps forward in executing on Online's improvements but there is still a way to go," he said on Friday.

Nonetheless, the company said it still expected to meet its guidance to deliver operating profit of £260-280m for the full year.

First-half operating profit came in at £131.1m on revenue up 1pc to £814.4m.

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