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Lottotech Q2 profit climbs 67.7% YOY

Lottotech Ltd. said its normalized net income for the second quarter was 6 Mauritian cents per share, a gain of 58.2% from 4 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 21.1 million rupees, an increase of 67.7% from 12.6 million rupees in the prior-year period.

The normalized profit margin increased to 18.0% from 12.5% in the year-earlier period.

Total revenue climbed 16.3% year over year to 117.3 million rupees from 100.9 million rupees, and total operating expenses rose from the prior-year period to 83.6 million rupees from 81.0 million rupees.

Reported net income came to 27.4 million rupees, or 8 cents per share, compared to a loss of 16.2 million rupees, or a loss of 5 cents per share, in the prior-year period.

As of July 29, US$1 was equivalent to 35.41 Mauritian rupees.