Tag Archives: Breon Corcora

Paddy Power Betfair hits + £40 million in profits despite woeful Cheltenham 2016

SBC News Paddy Power Betfair hits + £40 million in profits despite woeful Cheltenham 2016

Updating the market, FTSE-listed gambling operator Paddy Power Betfair (PPB) presented its proforma basis results (merged results) for Q1 2016 (period ending March 31). The newly merged FTSE-100 enterprise (merger officially completed 2 February) reported group revenues up 16% to £339 million for its opening quarter performance. PPB governance was pleased to report Q1 2016 metric growth, despite being impacted …

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