(MENAFN- ProactiveInvestors) Punter-friendly results caused a Boxing Day hangover for () but didn’t stop the bookmaker finishing 2014 with record operating profits.
The high street bookie said unfavourable football and horse racing results hit margins between October and December.
Boxing Day - one of its busiest days - was particularly good for the customer with all but one of the top ten football favourites winning that day.
In spite of that chief executive James Henderson said the business delivered an 11% rise in operating profit and is in a strong position going into this year.
Full-year net revenues increased by 8%. Retail was slightly ahead online increased 18% Australia was up 41% (11% on a local currency basis) and US increased 30%.
Separately the firm announced it will rebrand its Australian operations to the brand.
“Using the brand in Italy Spain and the US alongside the UK has already proved highly successful” said Henderson.
“I believe now is the right time to adopt the brand in Australia.”
Shares lost 14p to 361p.
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