Sporting events favour Paddy Power
04/09/2007 - 07:37:23Paddy Power has announced its interim results for the six months ended June 30 2007.
Operating profit for the group showed a growth of 108% to €40.8m. Operating profit growth was up 131% for the group’s Irish retail business;
Cash returns to shareholders were €59.3m through a combination of dividends and share buybacks.
Commenting on the results Patrick Kennedy, chief executive, Paddy Power said: “We have grown our business very substantially in the first six months of 2007. Profitability has increased by in excess of 100%, with very strong growth in every division, helped by favourable sporting results.”
