William Hill suffer profits slump for first half of year

Retail remains strong despite Hills recording a 16% decline in profitsCredit: Tim Ireland

William Hill's interim chief executive Philip Bowcock admitted "the first half of 2016 has been challenging" after the bookmaker revealed an operating profit of £131.1 million, down 16 per cent on the same period in 2015.

Following a tough start to the year in which James Henderson has been relieved of his duties as chief executive in a bid to arrest the firm's decline in the wake of a profits warning, William Hill also revealed its net debt increased to £586.2m from £488.2m.

There was some positivite news in the results, with retail helping to drive an increase in net revenue of one per cent to £814.4m.

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Mark ScullyRacing Post Reporter

Published on 5 August 2016inNews

Last updated 12:06, 5 August 2016

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