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Lottotech’s revenue soars by 40% in one year, hits almost Rs1.5 billion

Published

1 year ago

31/03/2023

Lottotech's revenue soars by 40% in one year, hits almost Rs1.5 billion

Lottotech Ltd, the operator of the Mauritius National Lottery on behalf of the Government of Mauritius, has posted revenue of Rs1.47 billion for the year ended 31 December 2022 compared to Rs1.05 billion a year earlier.

Profit after tax was Rs154.1 million for the year ended 31 December 2022 compared to Rs78.4 million for the prior corresponding year.

The 40% increase in revenue for the year ended 31 December 2022 was attributed to high jackpot rollovers for the Lotto game, higher ticket sales for the Loterie Vert game and a full year of lottery operations.

Lottotech’s business was impacted for the year ended 31 December 2021 by COVID-19 related confinement and 13 missed draws.

Source: Stock Exchange of Mauritius

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Lottotech's revenue soars by 40% in one year, hits almost Rs1.5 billion

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Related Topics:Digest Lottotech mauritius Stock Exchange of Mauritius

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Lottotech’s revenue soars by 40% in one year, hits almost Rs1.5 billion

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Lottotech's revenue soars by 40% in one year, hits almost Rs1.5 billion

The information and opinions expressed in our published works are those of authors/sources believed to be reliable. NewsMoris makes no representations as to accuracy, completeness, suitability, or validity of any information expressed.

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