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Stanley Leisure

Companies: SLY   
24/01/2001

This betting and casino group posted flat profits at the interim stage to 29 October, but it did manage to achieve other crucial business gains. On turnover up 11% to £332m pre-tax profits came in at £15m (£15m) although the figures actually include net costs of £1.4m relating to the development of new internet operations. The board claims that the results were also affected by serious flooding, which caused 16 race cancellations in the last four weeks of the half year. The on-line developments however, mean that Stanley now has a strong internet presence with five e-commerce trading sites currently operational in addition to its investor relations site, stanleyleisure.com.

Market cap: £233.3m
PE Forecast: 10.4
Share price: 207.5p

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