Paddy Power has 'exceptional' start to 2007

Paddy Power has announced that it expects an operating profit of €58m for 2007 in what has been described as "an exceptionally favourable run of sporting results for the company".

Paddy Power has announced that it expects an operating profit of €58m for 2007 in what has been described as "an exceptionally favourable run of sporting results for the company".

Chairman, Fintan Drury, said the group expects the surge in operating profit assuming sporting results so far are not offset by an unfavourable run over the remainder of the year.

"This result would represent underlying operating profit growth compared to 2006 of approximately 27%, and would be 8% better than the market currently anticipated," said Mr Drury.

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