Tattersalls have just announced their annual results and numbers have exceeded those detailed in prospectus .
As we know JUM/TMS is a wholesaler and online retailer of lottery products through agreements with Tattersall's (Victoria) and the NSW Lotteries Corporation.
This from Media release on Tattersalls Results :-
Lotteries
The Lotteries segment produced a solid result with revenue of $1,227.5 million and EBITDA of $28.5
million. Revenues were helped by a 10 per cent price increase in Powerball introduced in February
2005. This was partially offset by a less than favourable Powerball jackpotting occurrence through the
2005 financial year. To date in 2006, revenues are tracking on forecast. There was a $22 million
Powerball jackpot in August 2005.
The Lotteries division continued to focus on improving its Victorian distribution channels. A new shop fitout
was installed in 18% of outlets during the year and the company achieved continued STRONG GROWTH IN INTERNET SALES.
Cheers,
Manassa
JUM
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