Paddy Power is the most innovative, most internet savvy bookmaker in the World. This fact was borne out when the company recently announced its results for the six months to June 30 2009. Power reported increased market share in all its divisions and turnover growth of 12% in constant currency. It saw an acceleration of growth in its online division, with turnover up 32% in constant currency and a 20% increase in active customers. Power reported continued operating profit growth in its online betting division of 3% to €22m or 65% of Group profits. Alongside increased market share in the Irish Retail market, from approximately 26% to 29%, the company also saw urther progress in the UK Retail market, with 15 new shops opened in the year to date, alongside growth in like-for-like EBITDA per shop of 1% to £56,000. During the period under review Power reduced operating costs by 4% in constant currency, whilst continuing its quest for geographic diversification with its successful entry into the attractive Australian betting market. Power retains a strong balance sheet, with net cash at 30 June of €87m. Confidence in the underlying performance of, and prospects for the company, lead to Power introducing a 5% increase in its interim dividend to 19.5 cent.