StockMarketWire.com - Gambling group JPJ reported a jump in half-yearly profits thanks to double-digit percentage growth in gaming revenues.

For the six months ended 30 June 2019, the company reported a pre-tax profit of £6.19m, compared with a profit of £373,000 a year earlier, as gaming revenue by 14% to £169.5m, driven by strong performance at Vera&John.

Vera&John continued its impressive performance and now accounted for 42% of group revenue, supported by the segment's success in new markets, including Germany, Brazil and Japan, the company said.

Following the good trading in the first six months of 2019, the company said it remained confident in the full year outlook.

'Trading in the second quarter has been in line with management's expectations and we remain confident in the full-year outlook,' the company said. 'Our international markets are well-placed to continue to deliver strong growth and Jackpotjoy UK is set to pass the anniversary of the introduction of enhanced UK responsible gambling measures during the second half of 2019.'




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