Final Results - Replacement

Power Leisure PLC
19 February 2002

The issuer advises that the following replaces the Final Results Replacement
Announcement released today at 11.33am under RNS number 6804R.



Under the heading Gross Margins %, column two should read

       'Year to 31/12/00' and not year to 31/12/01'as previously stated.



All other details remain unchanged, the full amended text appears below.


                              POWER LEISURE PLC

                     PRELIMINARY RESULTS FOR THE YEAR ENDED

                              31 December 2001



Power Leisure plc, trading as Paddy Power Bookmaker, Ireland's leading
off-course bookmaker, today announced its preliminary results for the year ended
31 December 2001.



Highlights

-    Turnover:  €461.1m, up 27% (2000: €362.8m)

-    Licensed Betting Offices (LBOs) turnover grew 17.7 % to
     €370.7m,Operating profit increased by 30.5% to €16.6m

-    Telephone betting turnover grew to €55.5m up 40.9%. Operating profit
     increased 10.9% to €1.0m

-    On-line turnover rose 410% to €34.8m.  Gross margin improved to 7.7% in
     H2 from 4.5% in H1.  On-line operating loss in line with expectations.

-   Operating profit (excluding on-line trading): €17.6m, up 29.4% (2000:
€13.6m)

-   Operating profit (including on-line trading):  €8.5m, down 19.8% (2000:
    €10.6m)

-   EPS fully diluted  (excluding on-line trading): €0.3222 (2000: €0.2317)

-   EPS fully diluted  (including on-line trading):  €0.1437 (2000: €0.1687)

-   Total Dividend:  €0.0510  (2000: €0.0392)



Mr Stewart Kenny, Chief Executive Officer, Power Leisure plc commented:

'The development of all channels in 2001 has been excellent.  Our Irish LBO
business reached record turnover and profits while the success of our UK LBOs is
encouraging and will lead to further exploration of this market.  The Dial-a-Bet
business continues to grow in Ireland and the UK, generating substantial numbers
of new customers.  We are also very pleased with the development of our on-line
business which we expect to break even over 2003.'




Commenting on the results, Mr Ross Ivers, Chief Financial Officer, Power Leisure
plc said: 'We are very pleased with the Group's financial performance in 2001.
With the conclusion of the foot and mouth crisis that impacted turnover in the
first six months of 2001, the second six months saw turnover increase by 35%
over 2001 with strong growth in all channels.  The LBO and Dial-a-Bet margins
were within their expected range while the on-line gross margin improved from
4.5% to 7.7% in the second half of the year.'



19th February 2002



Issued on behalf of Power Leisure plc by Drury Communications

For reference contact:



Stewart Kenny                                          Ross Ivers
Chief Executive,                                       Group Finance Director,
Power Leisure plc                                      Power Leisure plc
Tel:  [phone]                                  Tel:  [phone]
Mobile: [phone]                               Mobile: + 353 87-66 88772



Mark Cahalane/Maire-Therese Duffy                   Trevor Phillips
Drury Communications Ltd                            Holborn Public Relations Ltd
Tel: [phone]                                 Tel: [phone]
Mobile: + 353 87 230 2737




                               POWER LEISURE PLC

  PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2001 CHAIRMAN'S STATEMENT



I am pleased to report on a very successful year for Power Leisure plc, as your
Company completes its first full year as a public company.  Turnover grew by
€98.3m to a record €461.1m, an increase of 27%. Operating profit of  €8.5m
reflects the excellent profits in our Licensed Betting Office (LBO) and
Telephone Betting   Divisions of  €17.6m offset by the start-up losses of €9.1
on our on-line operations.  This includes costs incurred with our on-line
expansion in the UK of €3.7m.  The Board will be recommending a Final Dividend
of 3.4 cent per share payable on 29 April 2002 to all shareholders at the close
of business on 1st March 2002.  This makes a total dividend of 5.1cent in 2001.



Customers of Paddy Power Bookmaker continue to enjoy an experience which is very
different to that offered by our competitors. Our obsession with providing value
to customers is possibly best illustrated by our highly successful moneyback
offers which enhanced entertainment and gave punters a better run for their
money during 2001.  Our customer driven ethos will continue to be the focus of
our business development.



Significant progress has been made across all divisions of your Group.  The
Irish LBO business continues to grow market share and profits and provides an
excellent platform for growth across the entire business.  The two shops opened
in the United Kingdom ('UK') are performing better than expected and bode well
for further moderate expansion. The telephone business has seen exceptional
turnover growth in 2001 and has recently been successfully launched in the UK.
The on-line division, which expanded into the UK in April 2001, is developing in
line with expectations with steady improvement in both turnover and margin. We
expect this division to break even over 2003.



I plan to retire as Chairman of the Board over the coming year but will remain
as a Non-Executive Director. Our current Chief Executive, Mr. Stewart Kenny,
will assume the position of Chairman upon my retirement.  In that capacity he
will remain actively involved in the business, focusing in particular on
strategic development and marketing. The process of recruiting a new CEO is
already underway. These changes will take effect when the new Chief Executive is
in place.



It is also intended that there will be further appointments to the Board over
the coming year to ensure the optimum balance of relevant experience is in place
to guide the business through its next phase of development.



I would also like to welcome Mr Ross Ivers, as our new Chief Financial Officer,
and to the Board.



Mr Ivers was co-opted to the Board on 4th September 2001 and I strongly
recommend his election at the forthcoming shareholders meeting. Mr Ivers brings
significant international business and listed company experience to Power
Leisure plc and I have no doubt that he will add great value to the Board and
management.



Operating Review

Paddy Power remains focused as a small-stake, fixed-odds sports bookmaker.



Distribution is primarily in the Republic of Ireland through Licensed Betting
Offices ('LBOs'), telephone betting and on-line betting.



The development of all channels in 2001 has been excellent.  The Irish LBO
business reached record turnover and profits while the success of the UK LBOs is
encouraging and will lead to further exploration of this market. The Dial-a-Bet
business continues to grow in Ireland and the UK, generating substantial numbers
of new customers.  Our on-line business has also exceeded our forecasts and we
expect it to break even over 2003.



Licensed Betting Offices

The Group continued to expand its LBO operation during 2001 with the addition of
eight new outlets, seven in the Republic of Ireland and one in the United
Kingdom, bringing the total estate to 126 outlets (2000: 118).  Our relocation
program continued during the year with two LBOs (2000: 2) relocated to larger
and better-positioned premises. A further seven LBOs  (2000: 8) were
refurbished.  At the year end the Group had no surplus property leases.



Turnover in the LBOs increased in 2001 through growth in both slip volume and
average slip value.



Average slip value increased by 13 % from €12.15 to €13.70 during 2001 (note: a
slip may contain more than one bet) while slip volumes increased by 4%.   We
have continued to expand our Sunday opening with over half of our LBOs now open
on Sundays, from only 20 in 2000.



A second shop was opened in the UK in 2001.



Our two UK shops, both in London, have continued to trade above expectations and
we will continue to explore the UK market through further openings of a small
number of additional LBOs as appropriate opportunities arise.



We continue to develop our customer offering through our LBO channel.  During
2000 we commenced the installation of air-conditioning systems to regulate the
temperature within all our LBOs. As of 31 December 2001, installations were
complete in 123 out of the 126 LBOs.  A new upgraded shop fit is in development
and will be rolled out in 2002.



We continue to enhance our in-shop broadcasting and display systems in line with
our obsession to deliver enhanced customer satisfaction.



Telephone Betting

Our telephone betting service ('Dial-a-Bet') continued its expansion during the
year and ended the year with 25,582 (2000:19,967) registered customers and 9,227
(2000:7,390) active customers. (Note: active customers are defined as those that
have bet with us in the previous three months.) Turnover increased by 41% to
€55.5m.   Average transaction size per bet increased by 7% from €82.3 in 2000 to
€87.64.



The Dial-a-Bet service was launched into the UK during October 2001, opening
1,043 accounts by year end.



Paddy Power prices are now available in the UK via teletext on Channel 4, Sky
and the Racing Channel as well as paddypower.com.




We continue to enhance customer service levels through improving our call
handling.  In December 2000 and January 2001, Dial-a-Bet operations were
successfully relocated to the Group's new offices in Dublin. The new facility
originally comprised 60 operator terminals servicing 120 incoming digital
telephone lines. This was further expanded in 2001 giving a total capacity of 90
operators and is currently being enhanced to take 180 digital telephone lines
together with a new software platform. The combined impact of these actions
continues to improve customer service through reduced queuing time.



In October 2001, Dial-a-Bet was restructured to avail of the new betting tax
regime in the UK. This enabled Dial-a-Bet to offer subsidised tax-free betting
to Irish customers. While the Irish betting tax rate will reduce from 5% to 2%
in May 2002, the rate will continue to be too high to offer subsidised tax-free
betting from Ireland. We will continue to review alternative locations to the UK
to further reduce the tax cost to the Group.



On-line Division

At 31 December 2001, the on-line division had a total of 42,431 (2000: 12,433)
registered customers of which 14,758 (2000:5,064) are active.



On-line activities continued to expand in 2001 with the launch of
paddypower.co.uk in May 2001 and the interactive television services. UK
customers totalled 15,302  (2000: 2,069 ) at the year end.



Bets are now being taken from over 70 countries as the Group accesses the Irish
diaspora. We do not take bets from US residents. Total turnover for the year was
€34.8m (2000:€8.5m)



On average, active customers bet 9.0 (2000: 7.3) times a month.  An active
customer is one who has bet in the last three months.  Average stake for the
year was €28.2 (2000: €31.4) a decrease of 10%.



The progress of the interactive TV channels, with both NTL and Telewest has been
disappointing in 2001 following their launch in March 2001 and April 2001
respectively. While our relative positioning on these platforms is satisfactory,
the pace and extent of their penetration in the UK market remains uncertain.




We continue to improve the services offered via our on-line division and
commenced taking WAP bets in September 2001 and SMS bets in October 2001.   The
on-line brand presence has grown in the UK through advertising, public relations
and joint marketing/affiliate deals including with The Times newspaper, Big
Brother and (This Is London).  In addition, we have continually updated and
improved the Paddy Power sites expanding both the range of events and the types
of bets offered.



We continue to focus on customer service and are the only on-line site offering
a customer loyalty program to selected customers.



British Horseracing Board (BHB)

The simultaneous change in the Irish betting tax rate on 1 May 2002 (a reduction
from 5% to 2%) and the as yet undecided changes to the media rights for British
Horseracing remain open issues.  The proposed BHB turnover charge of 2.5% plus
VAT is unacceptable and Power Leisure together with the rest of the bookmaking
industry will resist such a charge. Power Leisure will continue to seek an
equitable fee that reflects the reality of Irish bookmaking.



Until such time as these fees are visible it is not possible to make a decision
on the level of charges which will be passed on to the customer.



Financial Review

We are very pleased with the Group's performance in 2001. With the conclusion of
the foot and mouth crisis that impacted turnover in the first six months of
2001, the second six months saw turnover increase by 35 % over 2000, with strong
growth in all channels.  The LBO and Dial-a-Bet margins were within their
expected normal range while the on-line gross margin, which was disappointing in
the first six months of 2001 at 4.51 %, recovered to 7.7 %.



Turnover

Turnover increased by 27% to €461.1m in 2001, (2000: €362.8m) with excellent
growth across all channels. Overall growth in the LBO channel was 18% with like
for like growth of 10%. This has been driven by growth in average slip values of
13% and slip volumes of 4%. Growth has been achieved by the continued expansion
of the LBOs which saw eight new LBOs in 2001, seven refurbishments and two
relocations.   In addition, we continued to increase the number of Sunday
openings in 2001 with 70 LBOs now opening on Sundays compared to 20 in 2000.
The LBO portfolio comprised 126 premises at year-end.



Telephone betting has seen extremely strong growth of 41% in 2001, with turnover
reaching €55.5m (2000: €39.4m). The decision to offer tax-free betting on the
telephones from 6 October 2001 has contributed to this growth. Total registered
customers at 31 December 2001 was 25,582 (2000:19,967) with total active
customers at the same date of 9,227 (2000: 7,390).



On-line turnover was  €34.8m in 2001 (2000: €8.5m).



Turnover levels have now reached in excess of  €800,000 per week, with total
registered customers of 42,431 (2000:12,433) and total active customers of
14,758 (2000: 5,064).



Gross Margin

Gross margin, measured as amount staked (excluding betting duty and levies) less
winnings, returned to customers increased by 21.9 % to €56.5m  (2000: €46.3m).
Gross margin percentages in the LBO and phone divisions for 2001 were 13.36% and
8.42% respectively.  While margins fluctuated over the year, the total margins
for 2001 were in line with the normal trading range. The on-line division, which
disappointed in the first half, with margins of 4.51%, recovered to 7.7% for the
second six months as management implemented various actions to improve margin.





Gross Margins%                                      Year                    Year
                                             to 31/12/01             to 31/12/00

LBOs                                               13.36                   13.38
Telephone betting                                   8.42                    8.89
On-line                                             6.42                    8.12



Betting Taxes and Levies

There were a number of significant changes in the betting taxes and levies in
2001.  The Irish horseracing levy of 0.3% of turnover was abolished from 28 July
2001. This levy had been subsidised by the Group throughout 2001 costing € 0.8m.



From 6 October 2001, the United Kingdom changed its betting tax structure from a
turnover-based tax paid by the customer, to a 15% gross profits tax paid by the
bookmaker.  From this date, the Group moved its telephone and on-line betting to
the UK.  This achieved a tax saving for the on-line division which was
previously subsidising Irish Betting Tax at 5% of turnover. It also allowed the
Group to offer tax-free betting on our telephone betting service.



The Irish Government announced a reduction in Irish betting tax to 2% of
turnover effective from 1 May 2002.  Given the low gross margins of the
telephone and on-line business this rate remains higher than the UK effective
rate. As we stated at the time of the Irish Budget, the Group will not be
relocating telephone and internet betting back to Ireland and will be continuing
to seek the optimum location from which to operate.




Operating Profit



Operating Profit                  6months                  6 months               year
                                    to                       to                    to
                                 31/12/01                  30/06/01           31/12/00

LBO                                7,286                      9,363             12,758

Telephone                            481                        480                866

On-line                           (3,270)                    (5,833)            (2,995)


Total                              4,497                      4,010             10,629





LBO operating profit increased by 30.5 % reflecting the increased turnover
offset by lower gross margin percentage compared to 2000.  Telephone operating
profits increased by 11 % due to increased turnover offset by lower margin and
the impact of UK gross margin taxes. The on-line division incurred losses of
€9.1m in line with expectations with losses in the second six months of 2001
reducing due to increased volumes and gross margin. In addition, marketing
expenditure was significantly lower than in the first six months.

Total year operating costs of €47.8 m (2000: €35.7m)  were in line with
expectations.



Tax Rate

The corporation tax charge for the year was €1.8m (2000: €2.9m) representing an
effective tax rate of 19.3 %. The reduction in the effective rate is a
consequence of the reduction in the statutory rate from 24% to 20%.   In
addition, tax planning on asset purchases during the year enabled the Group to
accelerate its effective deductions and bring the Group rate below the statutory
rate.

Historically, the Group rate was in excess of the statutory rate.


Cash Flow and Liquid Resources

Net cashflow from operating activities was  €11.5m (2000: €20.1m).  This
includes a net inflow of € 1.4m on customer balances, which totalled €2.6m at 31
December 2001 (2000: €1.2m).   Fixed asset investments were €6.4m, primarily
made up of fit out costs of € 2.7m for the LBO estate, expanded call centre
capacity, €1.9m and computer equipment for both the internet and general use.



Net cash balances at 31 December 2001 totalled €18.3m (2000: €16.0m). These were
substantially invested in short-term bank deposits, all of which mature in less
than six months.



The Group has no borrowings.



Employees

The average number of persons employed by the Group during 2000 was 757
(2000: 665).  At year-end total employees numbered 799 (2000: 676).



Share Price

The Group's shares traded in the range of €2.98 to €4.07 (Stg£1.81 to Stg£2.56)
with the year high reached on 17 December 2001. The year-end share price was
€4.00/stg£2.55 (2000: €2.98 /Stg£1.88) giving a market capitalisation of €189m/
Stg£120m (2000: €140m/Stg£87m).  The year-end free float is 42% (2000: 30%) the
increase arising from the sale of 2.34m shares by certain Directors and other
connected parties on 31 July 2001.  These sales were permitted under the terms
of a lock-in deed agreed when the Company's shares commenced trading on the
Irish and London Stock Exchanges in December 2000.



The shares trade on the Irish and London Stock Exchanges with 82% and 18% of the
trades during the year in Dublin and London respectively.



Risk Management

The Group manages betting risk through a central risk management team whose
responsibility is to compile and monitor the odds throughout the life of an
event. The Group does not offer credit and customers pay either in cash, via
electronic payment or from monies held in a pre-funded client account.



Foreign exchange risk is minimal as the vast bulk of transactions are undertaken
in local currency. The Group does not use any derivative financial instruments.
Surplus cash is held on short-term deposit with various banks approved by the
Board.

Euro

The Group undertook significant work in preparation for the introduction of the
Euro in January 2002.  The transition has been very successful with no
significant issues encountered.


The Group continues to evaluate the impact of the switch from the Punt to the
Euro on average staking patterns and slip volumes.  For example, turnover for
the LBO division for the first six weeks of 2002 has increased by 20.1% year on
year, with average slip volumes and values increasing by 14.8% and 4.6%
respectively.  It is too early to determine the contribution of the switch to
the Euro to these results.

Dividends



The 2001 interim and proposed final dividend total € 2.4m an increase of 37 % on
2000 (€1.8m) This reflects the Board's continuing optimism for the business
while being mindful of the short-term cash requirements to fund continued
growth.



Outlook

The Irish Licensed Betting Office market remains our core market and we continue
to see further growth opportunities within it.  Due in large to the success of
our initial experience, we are currently planning a small number of additional
openings in the U.K.



Power Leisure has a proven track record of competing in a fully deregulated
market having done so successfully in Ireland against most of the major U.K.
betting chains.

The release of the Budd Report on the UK gaming and betting market is
encouraging as it moves towards deregulation of the UK market and increased
competition. Power Leisure plc fully supports any move to remove the so called '
demand test' for LBO licences thereby allowing open competition.



The telephone business is well positioned for further growth, both in Ireland
and the UK. The on-line business, which is another channel supporting the Paddy
Power brand, is in line to meet expectations in 2003. We are encouraged by the
take-up to date in on-line betting.



As indicated, trading in the early part of this year has been positive and we
look forward to another year of growth in 2002.





John Corcoran

Chairman



19 February 2002


Consolidated Profit and Loss Account

Year Ended 31 December 2001




                                                                            Year Ended               Year Ended
                                                                      31 December 2001         31 December 2000

                                                                                 €'000                    €'000

Turnover                                                                       461,075                  362,825
Cost of winning bets paid                                                    (404,624)                (316,511)
Gross Profit                                                                    56,451                   46,314
Operating Expenses                                                            (47,944)                 (35,685)
Operating Profit                                                                 8,507                   10,629
Interest Payable and similar charges                                              (71)                     (15)
Interest receivable and similar income                                             656                      336
Profit on ordinary activities before taxation                                    9,092                   10,950
Tax on profit on ordinary activities                                           (1,763)                  (2,937)
Profit on ordinary activities after taxation                                     7,329                    8,013
Dividends                                                                      (2,404)                  (1,756)
Retained profit for the year                                                     4,925                    6,257

Retained profit brought forward                                                 16,867                   10,610
Retained profit carried forward                                                 21,792                   16,867
Earnings per Share
Basic                                                                          €0.1555                  €0.1820
Diluted                                                                        €0.1437                  €0.1687






Consolidated Balance Sheet

31 December 2001




                                                                             31 December        31 December
                                                                                    2001               2000

                                                                                   €'000              €'000

Fixed Assets                                                                      22,749             21,336
Tangible Assets                                                                    1,146              1,267
Intangible Assets                                                                 23,895             22,603

Current Assets
Debtors                                                                            1,110                671
Cash at bank in hand                                                              18,307             16,054
                                                                                  19,417             16,725
Creditors (amounts falling due within one year)                                   11,786             13,240
Net Current Assets                                                                 7,631              3,485
Total assets less current liabilities                                             31,526             26,088
Creditors (amounts falling due after one year)                                       793                  -
Net assets                                                                        30,733             26,088


Capital and reserves
Called up share capital                                                            4,714              4,714
Share premium                                                                      3,305              3,585
Capital redemption reserve fund                                                      662                662
Capital conversion reserve fund                                                      260                260
Profit and loss account                                                           21,792             16,867
Shareholders' funds-all equity interests                                          30,733             26,088




Consolidated Cash Flow Statement

Year ended 31 December 2001




                                                                          Year Ended                  Year Ended
                                                                    31 December 2001                 30 December
                                                                                                         2000
                                                                      €'000      €'000            €'000      €'000

Net cash inflow from operating activities                                       11,461                      20,104
Returns on investments and servicing of finance
Interest received                                                       656                         336
Interest element of finance lease payments                             (71)                        (15)
                                                                                   585                         321
Taxation
Corporation tax paid                                                           (2,840)                     (2,216)

Capital expenditure and financial investments
Acquisition of tangible fixed assets                                (6,398)                     (9,612)
Sale proceeds on disposal of fixed assets                                70                          61
                                                                               (6,328)                     (9,551)
Equity dividends paid                                                          (1,351)                     (1,650)

Net cash inflow before financing                                                 1,527                       7,008

Financing
Capital element of finance lease payments                             1,006                       (418)

Issue of new shares including share premium less                      (280)                       3,624
cost of issue

Net cash inflow                                                                  2,253                      10,214




Accounting Policies

Year ended 31 December 2001



The principal accounting policies, all of which have been applied consistently
through out the year and the preceding year, are summarised below.



Basis of Preparation

The financial statements have been prepared in Euro in accordance with
applicable accounting principals (under the historical cost convention)



Basis of Consolidation

The Group financial statements consolidate the financial statements of the
Company and all its subsidiary undertakings.



Turnover

Turnover, which is exclusive of betting tax, represents amounts received in
respect of bets placed on events, which occurred during the year.



Tangible Assets - Goodwill

Goodwill arising on the acquisition of subsidiary undertakings, representing the
excess of cost over the fair value of the Group share of the identifiable assets
and liabilities acquired, is capitalised and amortised by equal annual
instalments against profit over its expected useful life. Goodwill is written
off in equal annual instalments over a 20-year period. Provision is made for any
impairment



Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at original cost less accumulated depreciation.

Depreciation is calculated so as to write off the cost of tangible fixed assets
on a straight- line basis over their estimated useful lives, as follows:



-   Freehold property and improvements - 50 years.

-   Leasehold property and improvements - unexpired term of the lease, except
for leases with an initial term of ten or less years, which are depreciated over
the unexpired term of the lease plus the renewal length of the lease, if there
is a right of renewal.

-   Fixtures, fittings and equipment - 5/7 years

-   Computer equipment       - 3 years

-   Motor vehicles - 5 years

-   Equipment screens - 5 years

-   Leased equipment screens - 3 years



Leases

Assets held under finance leases, which transfer substantially all the risks and
rewards of ownership to the Group, are included in the balance sheet at their
capital value and are depreciated over the shorter of the lease term and their
useful lives. The corresponding liabilities are recorded as a creditor and the
interest element of the finance lease rentals is charged to the profit and loss
account over the term of the lease to produce a constant rate of charge on the
balance of capital repayment outstanding.

Operating lease rentals are charged to the profit and loss account on a straight
line basis over the lease term.


Pensions

The Company operates a number of defined contribution schemes for certain
employees and executive directors. Contributions are charged to the profit and
loss account as incurred. Any differences between amounts charged in the profit
and loss account and contributions paid to the pension scheme is included in
debtors or creditors in the balance sheet.



Foreign Currency

Transactions denominated in foreign currencies are translated at the exchange
rates ruling at each quarter end. Monetary assets and liabilities denominated in
foreign currencies are translated into Euro at the rates of exchange ruling at
the balance sheet date. The resulting profits and losses are dealt with in the
profit and loss account as an exchange gain or loss.



Taxation

Current tax is provided on taxable profit at current rates.

Deferred tax is recognised in respect of all timing differences that have
originated but not reversed at the balance sheet date where transactions that
result in an obligation to pay more tax in the future have occurred at the
balance sheet date. It is measured at the average tax rates that are expected to
apply in the periods in which the timing differences are expected to reserve.





Notes to the Financial Statements

Year Ended 31 December 2001



1. Turnover and Segmental Information



The turnover, operating profit and net assets of the Group relate to the
provision of betting services, substantially all of which are conducted in the
Republic of Ireland.


                                                                      Year Ended                Year Ended

                                                                31 December 2001          31 December 2000

                                                                           €'000                     €'000
Turnover by Delivery Channel

Licensed betting offices                                                 370,698                   314,876
Telephone betting                                                         55,544                    39,432
Internet betting                                                          34,833                     8,517
                                                                         461,075                   362,825

Gross Profit by delivery channel

Licensed betting offices                                                  49,539                    42,118
Telephone betting                                                          4,677                     3,504
Internet betting                                                           2,235                       692
                                                                          56,451                    46,314

Operating Profit/(Loss) by delivery channel

Licensed betting offices                                                  16,649                    12,758
Telephone betting                                                            961                       866
Internet betting                                                         (9,103)                   (2,995)
                                                                           8,507                    10,629







                      This information is provided by RNS
            The company news service from the London Stock Exchange