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Pollard Banknote targets iLottery growth as Q1 revenue declines 10%

15th May 2017 6:19 am GMT

Toronto-listed lottery supplier Pollard Banknote has reported a 10 per cent drop in revenue to CAD$57.4m for the first quarter of 2017, with results impacted by a decline in instant ticket sales as well as currency exchange effects.

Instant ticket sales were down 13 per cent year-on-year, although the company said that it saw record production volumes during the quarter with significant revenue to be recognised during Q2.

"We are pleased with our financial and operating results [...]

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