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William Hill profits down 10%
BOOKMAKER chain William Hill has seen profits fall by ten per cent and said it had lost out to more winning customers in recent weeks.
The firm, which operates a number of branches in Edinburgh, saw profit before finance charges and exceptional items fall ten per cent to 145.1m in the 26 weeks to July 1.
It said the decline was largely attributable to the costs of signing up to buy Turf TV's live horse racing feeds and a "disappointing" performance from the group's telephone division.
In the four weeks to July 29, the firm's gross win was down by one per cent, mainly because of a number of poor horse racing results.
Charles Scott, Wlliam Hill's chairman, said: "The group has continued to make progress during the first half of the year with results in line with expectations."
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Saturday 26 May 2012
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