The UK-based bookmaker Ladbrokes, announced on a press meeting that they are back on track accordingly with their annual targets and goals. Overall the operational profits increased 94% in Q3 of 2014, helped along by the effects of the World Cup in Brazil.
Ladbrokes further announced that shareholders would receive an annual dividend of at least 8.9p per share they have, equal to the same amount as they received last year. Overall Ladbrokes had a operational profit of £33 million in Q3 of 2014, an increase of £16 million compared to Q3 of 2013, where operational profit was £17 million.
“Ladbrokes is on track. The major operational improvements completed in H1 are now delivering growth. Our performance in the World Cup and throughout Q3 demonstrate that we are competing successfully and winning customers” Chief Executive Officer, Richard Glynn said in a press release.
Ladbrokes has been criticised publicly lately for their poor results and especially the CEO of Ladbrokes has been criticised by shareholders. With the good results in Q3, it might give Glynn a break from the pressure.