Business
Half Yearly Report
Half Yearly Report.
About this update from Evoke Plc
[{"type":"text","content":"\n \nRNS Number : 0868Q 888 Holdings plc 27 August 2014 \n \n\n27 August 2014\n \n \n888 Holdings Public Limited Company\n(\"888\" or the \"Group\")\n \nHalf Yearly Report for the six months ended 30 June 2014\n \n888, one of the world's most popular online gaming entertainment and solutions providers, announces its half yearly results for the six months ended 30 June 2014.\n \nFinancial Highlights\n \n· Revenue increased 13% to US$225.1m (H1 2013: US$200.1m) \n· B2C Revenue increased 9% to US$192.8m (H1 2013: US$177.0m) \n· B2B Revenue increased 40% to US$32.3m (H1 2013: US$23.1m)\n· Adjusted EBITDA* increased 27% to US$49.0m (H1 2013: US$38.6m) \n· Adjusted EBITDA* margin increased to 21.8% (H1 2013: 19.3%)\n· Profit Before Tax decreased 4% to US$34.0m (H1 2013: US$35.5m) impacted by FX.\n· Cash generated from operating activities increased 22% to US$46.7m (H1 2013: US$38.3m) \n· Corporate cash net of customer liabilities increased 50% to US$60.0m (H1: 2013 US$40.0m) \n· Interim dividend of 3.5 cents per ordinary share (H1 2013: 3.0 cents)\n \n \nOperational Highlights\n \n· Record performance driven by strong growth across B2C and B2B lines of business\n· Continued development of mobile - driving growth across product verticals\n· Casino growth driven by innovative CRM and content \n· 888poker continued to buck negative industry trends and maintained number 2 position in global liquidity rankings** \n· Bingo turnaround delivering results with strong growth from revamped mobile offer \n· Sport revenue more than doubled reflecting quality of the improved 888sport product and a successful FIFA World Cup\n· Strong market share maintained in Spain in Casino and Poker \n· Further progress in regulated US market as All American Poker Network (\"AAPN\") grows its network a...