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Paddy Power Betfair reports revenue and profit rise for 2016 ahead of next week's Cheltenham festival

Friday 10th March 2017

Revenue grew 18 per cent to £1.55bn from £1.32bn in 2015 on a pro-forma basis, while statutory revenue rose from £794m to £1.5bn.

Underlying operating profit grew by 44 per cent to hit £330m, pro-forma, compared with £229m the previous year, however, on a statutory basis profit dropped to £15m from £125m.

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