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ZEAL Network first quarter profit soars to €9.5m

13th May 2015 7:52 am GMT

German online lottery brokerage ZEAL Network has seen net profit soar during the first quarter of 2015, as lower jackpot pay-outs and a decrease in operating expenses had a favourable impact on results.

Consolidated revenue rose by 13 per cent to €34.9m, with no large jackpot pay-outs during Q1 compared to a jackpot of €6.7m in the corresponding period last year.

Total pay-outs for secondary lotteries amounted to €2.8m, below the expected value, with an impact on [...]

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