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Tipp24 proposes new dividend policy despite 2013 decline

28th February 2014 9:03 am GMT

German lottery brokerage operator Tipp24 said Thursday that it expects to report a 9 per cent drop in consolidated revenue to €129.9m for 2013, while the company has confirmed plans to begin paying annual dividend payments to its shareholders from next year.

The full year revenue results are ahead of the company’s most recent guidance range of approximately €124m, announced at the beginning of December. This followed a winnings payout of €15.7m, causing the company to [...]

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