Irish multi-channel operator Paddy Power has reported a 31 per cent increase in net revenues to €653.8m for the full 2012 year, following strong growth from the company’s online business.

Total online net revenues were up 39 per cent to €409.6m, with the company’s mobile channel now accounting for 32 per cent of the total.

Sportsbook net revenues increased by 43 per cent to €300.5m, while gaming and other net revenues were up 28 per cent to €109.1m.

“We invested heavily to drive and support this growth, and to take Paddy Power into new markets,” said the company in a statement to the London Stock Exchange this morning.

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