5th Jul 2007 07:00
Paddy Power plc05 July 2007 Paddy Power plc Pre Close Period Trading Update Paddy Power plc issues the following update prior to entering the close periodfor its interim results to 30 June 2007, which will be announced on 4 September2007: The strong start to the year which was detailed in the Chairman's Statement atthe AGM in May has continued. Sporting results have been favourable, mostparticularly in the last three weeks, including a record result at the RoyalAscot meeting. Furthermore, we are pleased with the ongoing momentum across theGroup. Historically, the first half of the year has tended to be the stronger half forPaddy Power and this is likely to be particularly pronounced in 2007. Assumingthe favourable sporting results in the first half are not offset by anunfavourable run in the second half, and that Group turnover continues to growin line with our forecasts, we expect operating profit for the full year ofapproximately €62m. This result would represent underlying operating profitgrowth compared to 2006 of approximately 36%. ENDS Issued on behalf of Paddy Power plc by Drury Communications Ltd For reference, contact: Patrick KennedyChief ExecutivePaddy Power plcTel: + 353 1 404 5912 Billy Murphy / Oonagh Daly Trevor PhillipsDrury Communications Ltd Holborn PRTel: + 353 1 260 5000 Tel: + 44 20 7929 5599Mobile: + 353 87 855 4406 (OD) Mobile: + 44 7889 153 628 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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