Jumbo Interactive Limited
(ASX:JIN) is expecting its NPAT to grow by 21% to about $5.7 million, for the full year to June 2017 (compared to the previous financial year) .
The online lottery re-seller says its NPAT forecast was largely bolstered by a reduction in expenses, following the closure of its German business.
After removing the effect of the closed German business though, NPAT from continuing operations actually fell 3% to about $7.1 million on the back of fewer jackpots.
Jumbo Interactive is also expected its revenue from continuing operations will be about $31.9 million for the full year to June 2017, that’s 6.5% less than the actual result from the prior corresponding period.
Shares in Jumbo Interactive Limited
(ASX:JIN) are trading 5.56% lower to $2.55.
