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Loto-Québec presents results in line with its budget target for the 2019-2020 fiscal year

in Lottery

"It's important to note that, if it weren't for our establishments and video lottery terminals in bars having to shut down, and sales at lottery retailers having to be suspended, our financial results would have been at the same level as the previous fiscal year. In addition, thanks to our efficient management, we were once again able to reduce our total expenses, which saw a $14.7 million, or 1.6%, decrease," said Lynne Roiter, President and CEO of Loto-Québec.

MONTRÉAL, Sept. 15, 2020 /CNW Telbec/ - Loto-Québec's 2019-2020 Annual Report was tabled today in the National Assembly. Loto-Québec's total revenues reached $2.741 billion. The consolidated net income of $1.353 billion surpassed the budget target by $58.1 million (+4.5%) despite the fact that the Corporation ceased almost all of its activities as of mid-March.

QUOTE

"It's important to note that, if it weren't for our establishments and video lottery terminals in bars having to shut down, and sales at lottery retailers having to be suspended, our financial results would have been at the same level as the previous fiscal year. In addition, thanks to our efficient management, we were once again able to reduce our total expenses, which saw a $14.7 million, or 1.6%, decrease," said Lynne Roiter, President and CEO of Loto-Québec.

HIGHLIGHTS

The 2019–2020 annual report [in French only, PDF – 8.2 MB] is available on Loto-Québec's website. The English version will be available at a later date.

SOURCE Loto-Québec

 

Cision View original content: http://www.newswire.ca/en/releases/archive/September2020/15/c8341.html

Source and information: Patrice Lavoie, Corporate Director, Media and Public Affairs, Loto-Québec and its subsidiaries, 514-499-5130, This email address is being protected from spambots. You need JavaScript enabled to view it., twitter.com/patricelavoie; Renaud Dugas, Senior Advisor, Media and Public Affairs, Loto-Québec and its subsidiaries, 514-499-5208, This email address is being protected from spambots. You need JavaScript enabled to view it.ht CNW Group 2020

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