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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 th...

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Australia's Tabcorp confirms proposals for potential sale of wagering arm; shares jump Reuters 2/02/2021 © Reuters/Daniel Munoz The TAB logo is seen on a betting station in Sydney (Reuters) - Tabcorp Holdings Ltd said on Tuesday it had received multiple proposals for a potential sale of its wagering and media business, sending shares of the betting firm close to a one-year high. The company's shares jumped as much as 11.7% to A$4.58, hitting their highest since February last year. Tabcorp's wagering arm has come under pressure from intensifying competition as the industry faces a shift...

What Goldman likes about the Jumbo Interactive (ASX:JIN) share price Rhys Brock | December 29, 2020 8:35am | More on: It has been a topsy-turvy few years for long-term shareholders of digital lottery business Jumbo Interactive Ltd(ASX: JIN). After surging from below $10 to almost $30 by October 2019, the Jumbo share price dropped off a cliff. The fall was precipitated by panic-selling as the spread of COVID-19 wreaked havoc across global share markets, and by March Jumbo shares had dropped back below $10 again. Since March, the Jumbo Interactive share price has recovered slightly and is t...