Restructuring hits figures at Leisure & Gaming
16 April 2008
Exceptional sports results and a smaller estate of shops frustrated hopes of year-on-year improvements in the first quarter for Leisure & Gaming.
The betting and gaming group said trading for the three months to 31 March 2008 had been in line with expectations and had continued the profitable growth experienced during the fourth quarter of 2007.
However, its net win was €6.5 million (£5.2 million) compared with €8.7 million in the same period of 2007. In turn, group profit fell to €2.1 million from €2.5 million a year earlier.
Leisure & Gaming noted that it had restructured its Italian operations in an effort to cut costs and boost margins. In the rest of Europe, the it has continued to focus on growing its operations in Greece, Cyprus and Romania.
Chief executive Henry Birch, said: “Having restructured the operations of the company, we are confident that we can deliver sustainable profitability going forward.”
|
Relevant Companies
For more company information click below:
Headlines
31 August 2010
30 August 2010
27 August 2010
20 August 2010
18 August 2010
13 August 2010
09 August 2010
06 August 2010
30 July 2010
29 July 2010
28 July 2010
27 July 2010
26 July 2010
23 July 2010
23 July 2010
22 July 2010
21 July 2010
19 July 2010
16 July 2010
12 July 2010
09 July 2010
08 July 2010
07 July 2010
06 July 2010
05 July 2010
02 July 2010
06 May 2010
13 April 2010
24 March 2010
23 March 2010
23 March 2010
23 March 2010
23 March 2010
23 March 2010
23 March 2010
23 March 2010
23 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
22 March 2010
19 March 2010
19 March 2010
» See all News
Features
31 August 2010
28 July 2010
23 July 2010
13 April 2010
24 March 2010
22 March 2010
19 March 2010
19 March 2010
18 March 2010
16 March 2010
15 March 2010
12 March 2010
11 March 2010
08 March 2010
05 March 2010
05 March 2010
» See all Features
Round-Ups
27 August 2010
20 August 2010
13 August 2010
06 August 2010
30 July 2010
23 July 2010
16 July 2010
09 July 2010
02 July 2010
19 March 2010
19 March 2010
12 March 2010
12 March 2010
05 March 2010
05 March 2010
28 February 2010
Popular
31 August 2010
28 July 2010
30 August 2010
27 August 2010
04 December 2009
18 August 2010
30 July 2010
26 July 2010
29 July 2010
20 August 2010
01 February 2010
23 March 2010
08 July 2010
19 July 2010
27 July 2010
09 August 2010
|