Paddy Power releases interim results

Paddy Power has released its interim results for the first 6 months to June 2003 showing an operating profit of €6.8m and profit after tax of €6.2m, and a turnover growth of 42%.

Chief executive John O'Reilly said that there has been solid progress during this period and significant expansion across all three operating divisions. He said the British retail operations continued to progress and he expects the online business to show a profit by year end.