Tatts Group releases its second quarter results
Highlights reported by the group included:
* Revenue up 6.5% to A$1.6 billion;
* Online lotteries revenue up 9.6% to AU$1.11 billion with a 35% growth rate;
* Double-digit growth in the new UBet brand at over 50 wagering points;
* Wagering division turnover up 3% to A$2.14 billion, although revenue was down 4% at A$326 million;
* 29% of wagering sales now generated online;
* Tatts Group websites attracted an average 3.5 million visits per month, and the company’s apps have been downloaded to over 1 million mobile devices, a very substantial rise from the previous year;
* Digital wagering sales up 20.2%;
* Interim dividend of 9.5 cents a share has been decided.
Chief executive officer Robbie Cooke said in a statement: “The momentum we are gaining from these digital initiatives in both our lotteries and wagering operations is truly exciting.”
Giving a trading update, Cooke revealed that the first six seeks of the second quarter had delivered strong performances all round.
To see the report, click here: https://tattsgroup.s3.amazonaws.com/tts_interim_financial_report_-_fy16.pdf
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