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Roger The Butler
18 Nov 15 00:50
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Date Joined: 20 Aug 02
| Topic/replies: 3,511 | Blogger: Roger The Butler's blog
For anyone puzzled by this, it is easily explained:

They have spent 96m Euro on advertising
They have not taken any bets
Pause Switch to Standard View Paddy Power post 96m Euro net debt
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Report onlooker November 18, 2015 1:57 AM GMT
- and to think - Roger - Accountants charge by the hour to work that one out.
Report TheFear November 18, 2015 9:43 AM GMT
I'm puzzled by it to be honest. Why have they got a debt?

With that growth in mind, Paddy Power expect their full year operating profit to be a mid to high single digit percentage increase above 2014.
Report TheFear November 18, 2015 9:45 AM GMT
From the Telegraph in March 2015



Paddy Power is to return €392m (£285m) to shareholders after enjoying a record year for profits.

The Irish bookmaker yesterday announced that it would pay out €8 a share as well as proposing a 13pc rise in its final dividend to €1.02, sending its shares up 8.4pc to €72.80.

The company revealed the bumper return at the same time as posting a 21pc jump in annual pre-tax profits to €167m in the first set of results under new boss Andy McCue, who took over in January.
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