Irish bookmaker Paddy Power has warned that it now expects full year operating profit to be approximately €11m lower than the mid-point of its previous guidance range, as adverse sporting results impacted the company’s results during the twenty week period ended November 17th.

Total net revenue for the period increased by 7 per cent compared to the same period last year. Paddy Power said that its overall underlying performance had been good during the period, but that sports results had been “unfavourable”.

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