ZEAL Network, formerly Tipp24, has reported an 8 per cent increase in consolidated revenue to €140.7m for the full 2014 year, although net profit for the period nearly halved as a result of the company’s investments to support its future growth.

ZEAL said that 2014 was a year which saw the company make progress in developing activities in its three areas of business: consumer facing secondary lotteries, B2B services for licensed lottery operators, and the operation of its own lottery games.

"In 2014 we laid the foundation for further growth,” said ZEAL CEO Hans Cornehl.

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