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Jumbo profits fall as international expansion drives up operating costs

24th August 2015 8:00 am GMT

Sydney-listed online lotteries operator Jumbo Interactive has reported an 18 per cent increase in revenue to AUD$29.2m for the year ended June 30th, following strong growth in its Australian lottery business.

The year-on-year growth in Australia came despite slightly lower jackpot levels during the year, although revenue was boosted by an 11 per cent increase in the operator’s customer account database to 1.92m.

Total sales or total transaction value (TTV) were up 21 per cent to $130m, [...]

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