Jumbo Interactive boost interim dividend after profit increase

Company News

by Rachael Jones

Lottery game operator Jumbo Interactive (ASX:JIN) saw Total Transaction Value, Revenue and Profit all increase compared to the prior corresponding period with NPAT up 140 per cent to $12.7 million compared to $5.3 million in the same period.

This is largely due to improved customer engagement, higher jackpot activity and effective cost control.

Revenue is at $30.5 million, that's 58 per cent up from last year's half year figure of $19.3 million.

EBITDA is at $19.1 million up 112 per cent from $9.0 million in the prior corresponding period.

Based on the profitable half year period, a fully franked interim dividend of 15.0 cents per ordinary share has been declared for the half year, that's up from 7.5 cents in 2017.

Shares in Jumbo Interactive (ASX:JIN) are trading 2.92 per cent to $9.52.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.