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.