Jumbo Interactive has announced its net profit guidance for the 2011 financial year to be between $4 million to $4.4 million.
In the previous year, Jumbo reported a net loss of $7.3 million, which included write downs and restructuring of its software distribution business Manaccom.
Manaccom was placed into administration on March 1
The 2011 guidance included once off costs and trading losses from the discontinued software business Manaccom.
Jumbo expected revenue in the range of $75 million to $80 million for the 2011 year driven by the company’s internet lottery business and expected revenues to grow further in the second half.
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