Profit Upgrade - May 2012
May 2, 2012
ASX RELEASE – Wednesday, 2 May 2012
- FY 2012 NPAT IN THE RANGE $5.9 TO $6.2 MILLION (23% to 29% inc)
- FY 2012 REVENUE IN THE RANGE $94 TO $98 MILLION (24% to 29% inc)
- STRONG SALES FROM A GROWING CUSTOMER DATABASE AND RECENT RUN OF LARGE JACKPOTS
Leading interactive lottery business, Jumbo Interactive (ASX: JIN), is pleased to announce a full year Net Profit After Tax guidance in the range $5.9 to $6.2 million for FY 2012, an increase of 23% to 29% over the previous year. Revenue is expected in the range $94 to $98 million for FY 2012, an increase of 24% to 29% over the previous year. This growth is driven by a continually growing customer database combined with recent run of large jackpots. The customer database recently exceeded 1 million accounts and has continued to grow from successful interactive marketing initiatives and social media. The recent $50 million OzLotto jackpot drove sales during April and the $70 million OzLotto jackpot will give May a strong start. “Our growing customer database is having a bigger impact on sales when jackpots reach higher levels”, said Mr Mike Veverka, CEO of Jumbo Interactive. The guidance includes an increase in international market development costs following increased activity in the USA and any potential impact from sales in NSW from Tatts.com soon accepting orders in that state as they do in other states. Jumbo has increased its efforts in international markets and is a major sponsor this week of the APLA (Asia Pacific Lottery Association) conference in Hanoi, Vietnam.
About Jumbo Interactive The Company reported record full year results for FY2011 including revenue $76 million and Net Profit After Tax $4.8 million. A fully franked 1.0c dividend was paid for that year. OzLotteries.com plays an important role in the Australian lottery industry with over $15 million in additional State Government revenue raised from sales in 2010 and $17 million in 2011. The Company is on track to raise an additional $22 million in State Government revenue in 2012. Jumbo has signed Internet-based lottery agreements with the Tatts Group, NSW Lotteries Corporation (now owned by the Tatts Group) and recently with SA Lotteries. Jumbo has proven its ability to open up new lottery markets with its innovative technology and Internet marketing initiatives that have brought lotteries to new demographics via the Internet. For further information: Mike Veverka CEO and Executive Director Ph: 07 3831 3705