We are pleased to announce that our FY18 preliminary final results are now available.
To view Jumbo's FY18 Preliminary Final Report, please see http://bit.ly/
To view the Appendix 4E Preliminary Final Results, please see http://bit.ly/FY2018App4E
To see the Notification of Dividend/Distribution, please see http://bit.ly/DivDistribution
TTV $183.1 million – AN INCREASE OF 26%
REVENUE $39.8 million – AN INCREASE OF 23%
NPAT FROM CONTINUING OPERATIONS $11.8 million – AN INCREASE OF 55%
NPAT FROM TOTAL OPERATIONS $12.1 million - AN INCREASE OF 115%
FULLY FRANKED FINAL DIVIDEND DECLARED 11.0 cents
Leading internet lottery business, Jumbo Interactive (ASX:JIN), today released results that are highlighted by the strong increase in net profit after tax notwithstanding only a nominal increase in the number of large jackpots.
Continuing operations FY June 18 Actual FY June 17 (pcp) Actual % Change Total Transaction Value (“TTV”) $183.146 mil $145.322 mil 26.0 Revenue $39.775 mil $32.429 mil 22.8 NPAT continuing operations $11.753 mil $7.597 mil 54.7 Profit/(loss) discontinued operations1 $0.374 mil ($1.957) mil >100 NPAT attributable to JIN members $12.127 mil $5.640 mil 115.0 Number of large jackpots2 32 31 3.2 Average Division 1 jackpot2 $28.4 mil $24.2 mil 17.4 1 Operations ceased in Germany 31 March 2017 2 OZ Lotto/ Powerball jackpots of $15 million or more.
“It is pleasing to see the strong increase in Revenue and NPAT from continuing operations which can be attributed largely to improved customer activity on the new software platform enabling the team to make the most of available jackpots, and operating leverage”, said Mr Mike Veverka, CEO and Founder of Jumbo Interactive. “The business is well placed for growth in the years ahead and we continue to value the relationship with Tabcorp (ASX: TAH) as a priority”, said Mr Veverka. Customers have been migrated over the past year to the new software platform enabling greater customer engagement and activity. Performance and agility have also been enhanced improving the overall purchase experience and reducing the release time of new products. “The benefits of the Jumbo Lotto software platform are well and truly being seen in the strong start to FY2019 with ten large jackpots to date and a $100 million Powerball this week”, he said.