Ladbrokes Coral reports 4 percent rise in full year revenue

Business News

Britain’s largest bookmaker Ladbrokes Coral reported a 4 percent rise in full year net revenue on Friday helped by strong growth in its European retail and digital business.

The group, created by the merger of Ladbrokes and Gala Coral, declared a second interim dividend of 4 pence per share and said it does not intend to declare a final dividend for 2017.

European retail net revenue grew 40 percent and accounted for 61 percent of total revenue, the company said in a statement.