Paddy Power’s underlying pre-tax profit rose 16 per cent to €121.2 million in 2011, according to its annual results, released this morning.
Shares in the company initially fell 1.7 per cent in early Dublin trading but have since recovered and are now up 0.1 per cent.
Net revenue for 2011 was €499 million, up 17 per cent. 79 per cent of Paddy Power’s operating profit now comes from online activities and 74 per cent comes from customers outside Ireland.
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