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Paddy Power sees pre-tax profits increase by 22% in first half of year

Paddy Power saw growth in all divisions, particularly online and mobile
Paddy Power saw growth in all divisions, particularly online and mobile

Bookmaker Paddy Power has reported a pre-tax profit of €77 million for the first six months of the year, up 22% on the same period of 2012.

Diluted earnings per share were up 13% to 137c.

Revenue was up over 20% in constant currency with growth in every division, especially in the area of online and mobile.

Net revenue there was up over 100% to €104 million.

Meanwhile the company’s Australian operation is performing particularly well, with its operating profits up 25% to €16.5 million.