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% |
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