(Reuters) - British betting and gaming firm Evoke projected its 2024 core profit at the high end of its forecast range and ahead of the market view on Friday, helped by the growth in its online
Evoke Expects 2024 Profits to Surpass Market Forecasts
(Reuters) - British betting and gaming firm Evoke projected its 2024 core profit at the high end of its forecast range and ahead of the market view on Friday, helped by the growth in its online business and favourable sports results in the fourth quarter.
Evoke, whose brands include William Hill, 888 and Mr Green, said it expects adjusted core profit to be at the top end of the previously forecast range of 300 million pounds to 310 million pounds ($365.3 million to $377.4 million) for the year ended Dec. 31, ahead of market expectations of 294 million pounds.
The company, which had outlaid a strategic plan last year including steps to expand its presence in key markets and focus on sports betting offerings, said it clocked a revenue growth of about 12% to 13% in the fourth quarter, driven by performance in the online business.
($1 = 0.8214 pounds)
(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Rashmi Aich)
