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Profits up at Betfair

ONLINE betting group Betfair has reported after-tax profits of £23m (€25.6m) for the year to the end of April - up more than 52pc on the previous year.

Revenue was 15.4pc higher and the company said underlying revenue growth -- when one off items and profits on disposals were excluded -- was almost 8pc, while underlying earnings per share grew by 56pc.