The bookmaker, which recently rejected a takeover bid from private equity firm CVC Capital Partners on the grounds that it undervalued the company, forecast revenues of £387m for the year ended 30 April 2013.
“We have achieved much in the five months since we set out our strategy in December,” said chief executive Breon Corcoran.
“The business has gone through significant change. A new management team is in place and a wide-ranging restructuring has been completed ahead of schedule, allowing us to increase our cost savings substantially. At the same time, the pace of product delivery has accelerated, including the development and launch of a new sportsbook within three months.”