Jumbo shares dip after annual profit guidance lowered

30

Apr

13

Australian online lotteries operator Jumbo Interactive has forecast revenues of between AUD$24m to $25m for its financial year ended June 30th 2013, as the company builds the infrastructure required for expansion into new international markets.

The guidance for the current financial year includes stead revenue and profit from Jumbo’s core operations, from a projected increase in total transaction value (TTV – the actual value of sales) to $102m to $106m (FY 2012 - $100.3m).

Reported revenues are expected to be between $23.8m and $24.8m (FY 2012 - $24.1m), generating EBITDA of between $5.3m and $6.1m (FY 2012 - $10.5m). Reported profit after tax is expected to be between $2.2m and £2.8m (FY 2012 - $6.7m) following international expansion costs of $2.7m.

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