irish bookmaker paddy powers operating profit down 14 in first half of the year
Last Updated : GMT 02:54:03
Arab Today, arab today
Arab Today, arab today

Irish bookmaker Paddy Power's operating profit down 14% in first half of the year

Arab Today, arab today

Arab Today, arab today Irish bookmaker Paddy Power's operating profit down 14% in first half of the year

Northern Irish
Dublin - XINHUA

Irish bookmaker Paddy Power's operating profit fell by 14 percent to 60.1 million euros (79.2 million U.S. dollars) in the first half of the year, according to the company's interim results on Thursday.
The betting firm attributed the decrease to a run of unfavorable sports results.
"Very poor sports results, as compared with favorable results last year, had a gross impact of approximately 35 million euros year-on-year, resulting in an 8 percent decrease in net revenue and a 44 percent decrease in operating profit," said the firm.
But it expected a strong start to the second half of the year with group net revenue up 45 percent, saying that the second half of the year had started well after a successful FIFA World Cup, with a rebound in sports results.
"We had a cracking World Cup which generated stakes of almost 200 million euros, 130 percent ahead of the previous tournament. Australia continues to power ahead and Italy has made significant progress," said Paddy Power Chief Executive Patrick Kennedy.
The firm said it had gained 795,000 new customers in the six month period, 148,000 of those during the FIFA World Cup.
Its online active customer numbers grew by 25 percent to 1.8 million and Australia now accounts for almost 40 percent of the firm's profit, according to the interim results.
The firm said its British retail operating profit grew by 26 percent to 9.5 million euros during the first six months. Like-for-like net revenue were up 5 percent.
It also said Irish retail operating profit were up 13 percent to 8.6 million euros. Like-for-like stakes were up 5 percent and net revenue up 2 percent. (1 euro = 1.32 dollars)

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

irish bookmaker paddy powers operating profit down 14 in first half of the year irish bookmaker paddy powers operating profit down 14 in first half of the year

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

irish bookmaker paddy powers operating profit down 14 in first half of the year irish bookmaker paddy powers operating profit down 14 in first half of the year

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today 'Trash islands' off Central America indicate

GMT 20:19 2017 Friday ,24 November

'Trash islands' off Central America indicate
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Solaf happy for participating in “Hotline”

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday