Record Lotto sales, profit rises
NZ Lotteries hits the jackpot with a $32.4 million increase in sales in the six months to December.
NZ Lotteries has hit the jackpot with a $32.4 million increase in sales in the six months to December last year, compared to the corresponding time in 2010.
Profits for the state-owned entity also rose by $9 million in the first-half year surpassing the previous year’s result.
Sales for the Lotto company hit a record of $478.6 million, higher than the previous year’s amount of $446.2 million.
The $9 million increase in profits for the company also reached a record high, bringing the total up to $96.4 million in profits.
An ongoing Powerball jackpot run, which reached a total of $23 million in August last year, benefited NZ Lotto sales greatly along with an increase in Big Wednesday and Instant Kiwi sales.
A 2% decrease in operating expenses resulted in $28.5 million in costs.
NBR Staff
Fri, 02 Mar 2012
Fri, 02 Mar 2012
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Record Lotto sales, profit rises
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