trending Market Intelligence /marketintelligence/en/news-insights/trending/pyh78_oIkX6O1HrgTfBNuA2 content esgSubNav
In This List

Lottotech Q3 profit climbs 63.8% YOY


Gold - Geopolitical tensions and inflation remain key drivers


Lithium and Cobalt - Softer demand weighs on prices


Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten


Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Lottotech Q3 profit climbs 63.8% YOY

Lottotech Ltd. said its normalized net income for the third quarter was 4 Mauritian cents per share, an increase of 55.6% from 3 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 12.9 million rupees, an increase of 63.8% from 7.9 million rupees in the prior-year period.

The normalized profit margin increased to 13.4% from 7.9% in the year-earlier period.

Total revenue declined year over year to 96.5 million rupees from 99.8 million rupees, and total operating expenses decreased 13.0% on an annual basis to 75.9 million rupees from 87.2 million rupees.

Reported net income increased 31.6% on an annual basis to 15.7 million rupees, or 5 cents per share, from 11.9 million rupees, or 4 cents per share.

As of Nov. 7, US$1 was equivalent to 35.78 Mauritian rupees.