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Strong H1 trading for Paddy Power Betfair but merger costs hit bottom line

24th August 2016 8:12 am GMT

London-listed betting and gaming operator Paddy Power Betfair has reported strong results for the first half of 2016, benefiting from double-digit revenue growth across its four business divisions.

Total net revenue rose 18 per cent to £759m on a pro forma basis (as if the two companies had always been merged), with online operations representing three-quarters of H1 revenue when including results from Australia.

Paddy Power Betfair recorded a loss of £51.7m for the period however after [...]

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