Aussie Interactive Lottery Firm Reports Revenues And Players Up

Jumbo's Australian operations deliver strong growth, but German activity generates a NPAT loss of A$3.6 million

Jumbo Interactive, the Australian online lottery company, has reported strong growth in Australian activity, but a pre-tax loss of A$3.6 million as it works at getting the German operations up to speed.
The company recorded revenue of A$29.2 million for the financial year ended June 30, an 18 percent year-on-year increase which Management attributes to positive revenue and total transaction value growth despite slightly lower jackpot levels.
"Our customer account database grew a further 11 percent to 1.92 million accounts which was the main driver of the 21 percent increase in sales and 18 percent increase in revenue," said Mike Veverka, CEO of Jumbo Interactive.
"The larger database in combination with a strong run of jackpots has given Jumbo an excellent start to the 2016 financial year."
The company's German division experienced its first full year of operations, with marketing expenses devoted to introducing the JumboLotto.de website to the market. These activities incurred expenses which impacted profitability as the division completed the year with revenue of A$172,000 but a net loss before tax of A$3.6 million.
Ververka said that improved marketing techniques have been deployed and a reduction in expenses achieved in the division, positioning the company for improved results in the year ahead.

Online Casino News Courtesy of Infopowa