Preliminary Final Report
Aug 22, 2013
JUMBO INTERACTIVE LIMITED ABN 66 009 189 128 And its Controlled Subsidiaries
Reporting period: Financial year ended 30 June 2013 Previous corresponding period: Financial year ended 30 June 2012
RESULTS FOR ANNOUNCEMENT TO THE MARKET
2013 Revenue from continuing operations $25,191,215 2013 Profit/(loss) after tax attributable to members 2,982,157 2013 Total comprehensive income for the period attributable to members 3,233,506
Proposed final fully franked ordinary dividend of 1.5 (one and a half) cents per share making a total fully franked ordinary dividend of 3.0 cents per share (2012: 3.0) with a franking percentage of 100% (2012: 100%) as follows:
- Record date: 6 September 2013
- Payment date: 27 September 2013
The Dividend Reinvestment Plan will be suspended for the proposed interim fully franked dividend.
ANNUAL GENERAL MEETING
Date: Tuesday, 6 November 2013
Venue: Lady Theiss Room
399 Queen Street Brisbane, QLD, 4000
EXPLANATION OF RESULTS
Comment on the operations and the results of those operations are set out below.
The consolidated profit of the Group amounted to $2,982,157 (2012: $6,743,525), after providing for income tax $2,333,761 (2012: $2,310,544) – refer Note 4 for tax expense details, which is a large decrease on the results reported for the year ended 30 June 2012. Net reportable operating revenues increased 4.6% to $25,191,215 (2012: 24,087,742) and Total Transactional Value increased by 8.8% to $109,086,062 (2012: $100,256,769). This improvement was largely from continued growth in the Australia online lottery business.
Group earnings before interest, tax, depreciation and amortisation decreased by $3,834,187 from $10,515,449 to $6,681,262.
The main reasons for the decrease in profitability, notwithstanding an increase in revenue, are due mainly to
(i) costs associated with increased efforts to expand into new internet lottery markets overseas and
(ii) a revision of the customer acquisition costs treatment within the existing policy (see below for details).
Total Transaction Value is the gross amount received for the sale of goods and rendering of services.