ACCESS Newswire
15 May 2019, 11:31 GMT+10
LONDON, UK / ACCESSWIRE / May 15, 2019 / JPJ Group plc (LSE: JPJ) (the 'Group'), a leading global online bingo-led operator, today announces the results for the three months ended 31 March 2019.
Financial summary1
Three months ended 31 March 2019 (Pound m) | Three months ended 31 March 2018 (Pound m) | Change (%) | |
Gamingrevenue | 83.3 | 74.0 | 13 |
Netincome/(loss) from continuing operations (as reported under IFRS) | 7.9 | (8.0) | - |
AdjustedEBITDA2 | 29.0 | 24.9 | 16 |
Adjustednet income2 | 22.6 | 19.1 | 18 |
Operatingcash flows | 20.6 | 24.4 | (16) |
Dilutednet income/(loss) per share from continuing operations3 | 0.11 | (0.11) | - |
Dilutedadjusted net income per share from continuing operations2,3 | 0.30 | 0.26 | 15 |
Financial highlights forfirst quarter
• Good financial performance
o Gaming revenue rose 13% year-on-year, driven by strong organic growth4 at Vera&John
o Adjusted EBITDA2 increased 16% year-on-year highlighting operating leverage at Vera&John
o Adjusted net income2 increased by 18% year-on-year
• Strong ongoing cash generation and reduction in net debt
o Completed the sale of the Mandalay business for Pound 18.0 million on 12 March 2019 - a Pound 12.0 million cash consideration was received upfront with the outstanding Pound 6.0 million to be paid in September 2019
o Free cash flow5 of Pound 18.8 million and adjusted net debt6 of Pound 274.8 million (compared to Pound 302.1 million at 31 December 2018)
o Adjusted net leverage ratio7 of 2.44x reduced from 2.68x at 31 December 2018
• Following the positive start to 2019, the Group continues to trade in line with management's expectations
Operational highlights
• Continued improvement in core KPIs8,9 year-on-year:
o Average Active Customers per Month8,9 grew to 242,938 in the twelve months to 31 March 2019, an increase of 8% year-on-year
o Average Real Money Gaming Revenue per Month8,9 grew to Pound 25.7 million, an increase of 12% year-on-year
o Monthly Real Money Gaming Revenue per Average Active Customer8,9 of Pound 106, an increase of 4% year-on-year
Click on, or paste the following link into your web browser, to view the full announcement
http://www.rns-pdf.londonstockexchange.com/rns/0366Z_1-2019-5-14.pdf
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
SOURCE: RNS London Stock Exchange
Get a daily dose of Atlanta Leader news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Atlanta Leader.
More InformationDOVER, Delaware: California Governor Gavin Newsom has taken legal aim at Fox News, accusing the network of deliberately distorting...
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
TORONTO, Canada: Harvard University and the University of Toronto have created a backup plan to ensure Harvard graduate students continue...
JERUSALEM, Israel: Israeli Prime Minister Benjamin Netanyahu says that Israel's success in the war with Iran could open the door to...
NEW DELHI, India: India has decided not to allow a United Nations (UN) investigator to join the investigation into the recent Air India...
BONN, Germany: Despite widespread belt-tightening across the United Nations, nearly 200 countries agreed this week to increase the...
NEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...
LONDON, U.K.: A little-known investment fund based in the United Arab Emirates has emerged as the most prominent public backer of U.S....
SAN FRANCISCO, California: Across the U.S., a growing number of people are taking obesity treatment into their own hands — literally....
SAN FRANCISCO, California: Under pressure from European regulators, Apple has revamped its App Store policies in the EU, introducing...
NEW YORK CITY, New York: The U.S. dollar tumbled this week, hitting its lowest levels since 2021 against the euro, British pound, and...