Canada NewsWire
MONTRÉAL, Feb. 15, 2019
MONTRÉAL, Feb. 15, 2019 /CNW Telbec/ - After three quarters of its 2018-2019 fiscal year completed, Loto-Québec reports consolidated revenues of $2.165 B and net income of $1.122 B. These numbers represent respective increases of $156.9 M (+7.8%) and $103.0 M (+10.1%) compared to the same period in the previous fiscal year.*
KEY FIGURES AFTER THREE QUARTERS | ||
2018-2019 | 2017-2018 | |
Consolidated revenues | $2.165 B | $2.008 B |
Net income | $1.122 B | $1.019 B |
QUOTE
"In light of these positive results, we can state that we are on track to achieve our annual target for net income set at $1.261 B, and thus pay the government the dividend expected," said the President and CEO of Loto-Québec, Lynne Roiter.
HIGHLIGHTS
*The first three quarters of 2018-2019 have six more days than the same period in the previous fiscal year.
Note: Due to new accounting methods, prizes paid out are now deducted from lottery, bingo and Kinzo revenues, as was already the case for casinos and video lotteries (more details are available on page 6 of the quarterly report). Figures for 2017-2018 were therefore adjusted. Gross profit and net income were not affected.
The quarterly report is available on Loto-Québec's website.
SOURCE Loto-Québec
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