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Jumbo profit falls as German business weighs on full year results

21st July 2015 6:53 am GMT

Despite posting strong revenue growth during the year, Australian online lotteries operator Jumbo Interactive has reported a 7 per cent drop in net profit to AUD$2.6m for the year ended June 30th, after incurring losses of $3.6m relating to its German operations.

Revenue rose by 33 per cent to $32.0m following a 24 per cent increase in total transaction value (TTV) to $132m.

The Australian lottery business continued to grow, driven by continued investment in proprietary technology [...]

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