William Hill Profits are Larger than Expectations
By George Oates, Jan 3rd 2006In the United Kingdom, according to Bloomberg: "The second largest bookmarker in the whole United Kingdom, William Hill Plc, declared that annual earnings beat its forecast, only after several winning wagers made by customers came to an end last month."
"The operating profit for the year which ended in Dec. 27 was a little higher than the company's approximation of 230 million pounds ($396 million) to 240 million pounds, Chief Executive David Harding declared in an interview. William Hill said that profits would be below analysts' estimates after clients managed to win more and more bets."
"The Shares of William Hill rose as much as 6.6 percent in London as concern about profitability at Britain's bookmakers eased. The other stock, including shares of Ladbrokes owner Hilton Group Plc and Ireland's Paddy Power Plc, slid last November after the companies declared that earnings were going down by too many winning favorites."
"William Hill's shares grew with 32.5 pence and now they are 568 pence in London, fully erasing their 5 percent drop in 2005. Hilton shares added 3.25 pence to become 366.75 pence, while Paddy Power stock gained 58 cents, or 4.8 percent, to 12.68 euros in Dublin"
"The operating profit for the year which ended in Dec. 27 was a little higher than the company's approximation of 230 million pounds ($396 million) to 240 million pounds, Chief Executive David Harding declared in an interview. William Hill said that profits would be below analysts' estimates after clients managed to win more and more bets."
"The Shares of William Hill rose as much as 6.6 percent in London as concern about profitability at Britain's bookmakers eased. The other stock, including shares of Ladbrokes owner Hilton Group Plc and Ireland's Paddy Power Plc, slid last November after the companies declared that earnings were going down by too many winning favorites."
"William Hill's shares grew with 32.5 pence and now they are 568 pence in London, fully erasing their 5 percent drop in 2005. Hilton shares added 3.25 pence to become 366.75 pence, while Paddy Power stock gained 58 cents, or 4.8 percent, to 12.68 euros in Dublin"
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William Hill Profits are Larger than Expectations
