Jumbo Interactive (ASX:JIN) expects higher customer engagement

Company News

by Rachael Jones

Lottery game seller Jumbo Interactive (ASX:JIN) says improved customer engagement is expected to deliver higher TTV and Revenue during a period of lower jackpots.

The Company has a healthy financial position with no debt and surplus cash of $65.5 million as at 29 February 2020, prior to the payment of the FY2020 interim dividend of $11.5 million on 20 March 2020.

The business continues to be cash flow positive since the onset of COVID-19.

There is no change to the Company’s dividend policy of 85 per cent of NPAT for the full financial year, and a final dividend for FY2020 is currently still expected to be paid.

Shares in Jumbo Interactive (ASX:JIN) trading 2.9 per cent lower at $9.14.

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.