fifth straight profit for jumbo corporation

FIFTH STRAIGHT PROFIT FOR JUMBO CORPORATION
ASX listed online retailer and e-commerce company, Jumbo Corporation Ltd (ASX: JUM), today
announced its fifth consecutive half-yearly profit.
Queensland-based Jumbo Corporation – which earlier this month saw more than 31 million shares
traded in a day after it announced a profit upgrade - more than doubled net profit to $247,857 for the six
months to December 31, 2004, compared with $115,408 in the same period last year.
“The past six months have been the most significant growth period in the Company’s history,” Jumbo
Corporation Chief Executive Officer, Mr Mike Veverka, said.
“Not only have we recorded our fifth successive six-month period of profit, but our strategy to expand our
business by investing in other online business initiatives, specifically our major shareholding in online
gaming company, Global Approach Limited, is expected to provide Jumbo with further growth,” he said.
“In addition, we have seen our online customer database increase by more than 50,000 over the past six
months to more than 300,000 customers – and the growth trend is continuing.
”Jumbo is rapidly establishing itself as Australia’s leading online e-commerce and retailing company.”
Mr Veverka said Jumbo Corporation’s strong results were due to a number of factors, primarily:
�� Strong Christmas trading in the Company’s portfolio of “internet friendly” goods.
�� Increased sales and better conversion rates resulting from improved market techniques.
�� Improvements to the JumboStore software for handling online sales and customer support.
�� Continued strong growth in the global online retailing market.
�� Growth of the Company’s customer database above 300,000 active customers – a 50,000 increase in
the past six months.
Mr Veverka said Jumbo Corporation was well positioned for further growth and additional acquisitions,
with net assets climbing in value to $2.0 million from $1.3 million over calendar 2004.
2
Last month, the Company announced it had become a major shareholder of Global Approach Limited, an
Australian-based owner of two online casinos and an online poker room.
Online Sales Growth
Mr Veverka said he expected a significant increase in the number of people making online retail
purchases over the next few years.
This was supported by recent reports from credit card companies which indicated that online retail sales
had grown by seven per cent of total retail sales over the past five years and were expected to double to
14% over the next two years and above 20% shortly thereafter, according to the reports.
“Online retailing is the star performing sector of general retailing,” Mr Veverka said.
“Consumers are becoming comfortable with online buying as security and web design has continually
improved,” he said.
“Jumbo is one of the few Internet companies that has consistently grown through the post-dotcom period
and has continued to increase its profits.
“We expect continued growth in the core e-commerce and online retailing business, through expansion
into new product lines and improved marketing techniques.”
FOR INTERVIEWS, AND FURTHER INFORMATION, PLEASE CONTACT:
Mike Veverka Sean Whittington
Chief Executive Officer Senior Consultant
Jumbo Corporation Field Public Relations
(07) 3831 3705 (08) 8234 9555
(0411) 514 233 (0412) 591 520