The Lottery Corp’s half-year profit slips 1% to $173m

The news: Australia’s largest lottery company The Lottery Corporation reported a 1% fall in half-year net profit after tax to $173.3 million as growth in its base lottery games portfolio was offset by a fall in jackpot game volumes.

The profit figure was roughly in line with average forecasts of $173.9 million, according to Visible Alpha. Revenue was up 2% to $1.82 billion, above analysts’ estimates of $1.8 billion.

The company declared an interim dividend of 8 cents per share, in line with the 8 cents declared in the previous corresponding period a year prior and consensus estimates of 7.9 cents.

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