Betfair will pay out a £200 million in dividends to shareholder on January 16 and has introduced a 50 percent dividend increase.
Betfair announced record six-month results, recording EBITDA performance of £73.9 million up 51 percent. Betfair pegged its strong performance to increased player activity and favorable sporting results.
Betfair has also increased its interim dividend by 50 percent to 9 pence a share and raised its medium term dividend payout target to about 50 percent of earnings.
The company is forecasting a core profit in the 2014-15 year to £97-103m based on the six-month performance and “the momentum we take into the second half.”
