Jumbo Interactive profit, revenue dip on fewer jackpots

    Australia-listed Jumbo Interactive said profit and revenue in the 2014 financial year ending June 30th declined, mainly due to lower jackpot activity compared with the previous year.
    Revenue fell 4.2 percent to A$24.13 million ($22.5 million), while profit after tax was down 6.6 percent to $2.78 million.
    The company also said the costs from the start up of its business in Germany and ongoing efforts in Mexico offset lower expenses in Australia and therefore also contributed to the decline in profit.
    The company, led by CEO Mike Veverka, had revenue of $8,621 from Germany and none from Mexico.