Jumbo Interactive, an Australian publicly listed company whose core activity is international online lottery operations, has reported declines in revenue & profits which it attributes to lower jackpot activity.
Posting its FY results to end June, Jumbo reported y-o-y revenues down 4.2 percent at A$24.13 million, & profits after tax of $2.78 million, a decline of 6.6 percent.
Start-up costs in the German market & the on-going development of operations in Mexico, which have yielded negligible income during the year, undercut company savings through cost-cutting
source : www.casinos-online.co.uk
