Profit Upgrade - February 2006

Feb 3, 2006

ASX RELEASE – Friday 3rd February 2006

Directors of Jumbo Corporation Limited are pleased to announce a 60% to 100% increase in the Company’s NPAT and a 100% to 140% increase in EBITDA based on unaudited management accounts for the 6 months to 31 December 2005.

  The latest half-year earnings improvement follows increases in Jumbo’s NPAT and EBITDA of 117% and 80% respectively for the financial year ended 30 June 2005.
“The acquisition of TMS Global Services and the Company’s concentration on online lotteries has provided this latest significant increase in profitability,” said Mr Mike Veverka, CEO of Jumbo Corporation. “Online campaigns to international customers have been particularly successful, with ozlotteries.com now ranked number one lottery web site by an independent US firm,” he said. “Jumbo’s current cash position is now in excess of $7 million and the Company is a strong position to take advantage of opportunities in the gaming sector. “The Company currently has a number of such opportunities under consideration.” The following table summarises the expected range in unaudited results for the past half year to 31 December 2005. Audited results will be released when finalised.
 
    6 months to Dec 04   6 months to Dec 05 Expected Range   Growth HY Dec 05 / HY Dec 04
  NPAT (Net Profit After Tax)   $247,857   $400,000 to $500,000   60% to 100%
  EBITDA (Earnings    Before    Interest,    Tax, Depreciation and Amortisation)   $295,670   $600,000 to $700,000   100% to 140%
RANKED NUMBER ONE LOTTERY WEB SITE CasinoCity.com, an independent US-based online gaming review site, has ranked ozlotteries.com the number one most popular lottery web site (http://online.casinocity.com/lotteries). The ranking is unpaid and is determined independently by CasinoCity.com. “The success of our efforts in targetting the overseas market is reflected by the recognition we have received in the industry”, Mr Veverka said   SHAREHOLDER SHARE PURCHASE PLAN As announced previously, the Company’s Shareholder Share Purchase Plan was successful with 657 Jumbo shareholders (many with small unmarketable parcels) lodging applications for 47,067,036 shares raising $2,824,000. “The  success  of  the  recent  Shareholder  Share  Purchase  Plan  has  exceeded  the  Board’s expectations and we thank shareholders for their support,” Mr Veverka said.

JUMBO SHARES AND LIQUIDITY Jumbo shares (ASX:JUM) are a heavily traded stock with over 700 million shares traded over the past 12 months and over 67 million shares traded in January 2006. The share price has increased 240% over the past 12 months.   For further information, please contact: Mike Veverka, CEO Email: mike@jumbocorporation.com Web: www.jumbocorporation.com

Media Assets

 03022006.pdf