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Kindred Group plc - Interim report: January - June 2024 (unaudited)
Solid performance sets steady path towards our annual guidance
SLIEMA, Malta, July 24, 2024 /PRNewswire/ --
Second quarter 2024
Total revenue was GBP 327.6 (307.3) million, an increase of 7 per cent.
Gross winnings revenue (B2C) increased by 6 per cent to GBP 317.2 (298.3) million.
Underlying EBITDA increased by 32 per cent to GBP 73.6 (55.7) million.
Profit before tax was GBP 55.6 (33.1) million.
Profit after tax was GBP 44.5 (27.7) million.
Profit after tax includes a loss from discontinued operations of GBP 1.7 (6.9) million and profit from continuing operations of GBP 46.2 (34.6) million.
Earnings per share were GBP 0.21 (0.13).
Free cash flow amounted to GBP 41.6 (3.0) million.
Number of active customers increased by 12 per cent to 1,749,611 (1,561,444).
First half 2024
Total revenue was GBP 635.3 (613.7) million, an increase of 4 per cent.
Gross winnings revenue (B2C) increased by 3 per cent to GBP 614.8 (595.6) million.
Underlying EBITDA increased by 26 per cent to GBP 132.9 (105.1) million.
Profit before tax was GBP 95.4 (63.5) million.
Profit after tax was GBP 75.9 (53.3) million.
Profit after tax includes a loss from discontinued operations of GBP 2.7 (14.9) million and profit from continuing operations of GBP 78.6 (68.2) million.
Earnings per share were GBP 0.35 (0.25).
Free cash flow amounted to GBP 65.3 ...