Restructured Software Distribution Division Now in Better Shape
Apr 28, 2010
ASX RELEASE – Wednesday 28 April 2010
- WRITE-DOWN AND ONE-OFF COSTS FORECAST FOR THE SOFTWARE DISTRIBUTION DIVISION FOR FY2010.
- ONLINE LOTTERY DIVISION CONTINUES STRONG TRADING AND GROWTH.
|FY 2009 12 months||
HY Dec 2009
Forecast FY 2010
|Group Revenue||$59 million||$36.2 million||$70 to $75 million|
|Group NPAT from trading||$2.88 million||$1.15 million||$2.0 to $2.5 mil|
|Restructuring and other once-off effects||$0.074 million||($0.006 million)||($9.5 million)|
|Reported NPAT||$2.96 million||$1.15 million||($7.0 to $7.5 million)|
About Manaccom Manaccom began selling lotteries online in 2000 with state based charity lotteries in Queensland. In 2005 the Company acquired TMS Global Services Pty Ltd which gave it access to national lotteries via agreements with NSW Lotteries and Tattersall’s. 2009 was a breakthrough year following the signing of a five year exclusive agreement with NSW Lotteries in December 2008. The Company has developed the popular www.ozlotteries.com website from which it sells games such as OzLotto and Powerball. This website has been developed in a way that can also be used by major lottery operators, such as NSW Lotteries, as their internet channel. In 2007 the Company acquired a software distribution and publishing business that markets popular software titles such as McAfee through large retailers and independent resellers in Australia and New Zealand. In the 2009 financial year, Manaccom reported the following results:
- Net Profit After Tax increased 78% to $3 million.
- Revenue grew 57% to $59 million.
- Dividends rose 50% to 1.5c per share.
- EBITDA increased 77% to $5.1 million.
For further Information: Mike Veverka CEO and Executive Director Ph: 07 3831 3705