William Hill (LON:WMH) said in a trading statement on Monday that it expects profits to be ahead of previous expectations.
Shares in the bookmaker were up during trading on Monday.
William Hill now expects full-year adjusted operating profit for 2019 from continuing operations to be in the range of £143 million to £148 million.
The business said that this was “driven by favourable sporting results through the year end”.
Its retail business, having executed a remodelling strategy, generated an operating profit above the guided range of £50-70 million, the company added.
“The Group has delivered a strong operating performance, ahead of our expectations and against a challenging regulatory backdrop,” Ulrik Bengtsson, CEO, commented on the results.
“We made good progress on a number of fronts, including our Retail business, Online and in the US, enabling us to deliver on our long term strategic ambitions,” the CEO continued.
The CEO said: “We look forward to building on these efforts in 2020 with a strong focus on customer, team and execution.”
Shares in William Hill plc (LON:WMH) were up on Monday, trading at +0.87% as of 12:02 GMT.