Jumbo Interactive (ASX:JIN) increase dividend to 18.5 cents

Company News

by Rachael Jones

Lottery provider Jumbo Interactive (ASX:JIN) report net profit after tax rose 14 per cent to $14.4 million and EBITDA rose 17 per cent to $22.9 million on the same corresponding period.

Total transaction value climbed 25 per cent to $185.3 million from the prior corresponding period while revenue rose 23 per cent to $37.6 million.

The company increased its interim dividend from 15 cents a share to 18.5 cents, that’s more than 20 per cent after a strong first-half.

Shares in Jumbo Interactive (ASX:JIN) closed 3.28 per cent higher at $12.28 on Friday.
 

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.