Ireland’s Paddy Power has reported a 12 per cent increase in net revenue to €745.2m for the full 2013 year following growth across all of its businesses, in particular its online division which now generates nearly 80 per cent of the company’s total operating profit.

The company said that 2013 saw the release of more new products than ever across its online business, with online net revenue climbing 15 per cent year-on-year to €472.9m. Online now contributes nearly two-thirds, or 63 per cent, of the company’s total net revenue.

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