Sunday February 23, 2020

Paddy Power revenue jumps but Irish profits fall 16%

Bookmaker Paddy Power said that its Irish retail operating profits decreased by 16 per cent to €7.6 million in the first half of the year, driven by unfavourable sports results, most particularly at Cheltenham.

28th August, 2013

Bookmaker Paddy Power said that its Irish retail operating profits decreased by 16 per cent to €7.6 million in the first half of the year, driven by unfavourable sports results, most particularly at Cheltenham.

The company said that it opened seven new shops in the six months to the end of June, including five it acquired. Excluding the impact of new shops, like-for-like amounts staked were up 2% and net revenue was flat, said the interim...

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