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Jumbo Interactive sees H1 profit fall despite revenue and sales growth
24th February 2021
| By Robert Fletcher
Australian lottery retailer Jumbo Interactive has reported a year-on-year decline in comprehensive profit for the first half of its financial year, despite an increase in sales helping drive revenue up in the period.
Revenue for the six months through to 31 December 2020 totalled AUS$40.9m (£22.9m/€26.6m/US$32.4m), up 8.8% from $37.6m in the same period in 2019.
Breaking down its revenue performance, lottery retailing was by fair Jumbo’s main source of income, with revenue in this business segment amounting to $37.8m, up 2.7% on the previous year.