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Lotto24 posts maiden profit after strong H1 revenue growth

11th August 2017 8:35 am GMT

German online lottery broker Lotto24 recorded its first net profit during the first half of 2017 after benefiting from a 41 per cent improvement in revenue to €13.0m.

The company said that despite increased competition, billings were up by 33 per cent to €112.8m in H1 compared to a year ago.

There were 161,000 new customers during the period, though this was down 8 per cent year-on-year, with total registered customers up 36 per cent to more [...]

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