William Hill plc reported unaudited consolidated earnings results for the half year ended June 26, 2018. For the period, the company reported revenue of £802.6 million compared to £778.5 million reported in the same period last year. Loss before interest and tax was £802.3 million against profit of £108.6 million reported last year. Loss before tax was £819.6 million against £93.1 million reported last year. Loss for the period attributable to equity holders of the parent was £799.5 million or 9.6 pence per basic and diluted share against profit of £81.4 million or 9.5 pence per diluted share reported last year. Net cash from operating activities - continuing operations was £110.0 million against £111.4 million reported last year. Purchases of property, plant and equipment was £13.4 million against £2.8 million reported last year. Expenditure on intangible assets was £29.7 million against £24.3 million reported last year. Adjusted operating profit was £113.6 million against £128.9 million reported last year. Net debt as at June 26, 2018 was £272.4 million.

The company expect full-year effective tax rate on adjusted results to be around 14%. Cash capital expenditure increased in the growth areas of Online technology and the U.S. That will increase in the second half, taking into account the CapEx guidance, just given for U.S. expansion.