Rexlot Holdings has good half year as China sales boom

Lottery operator Rexlot Holdings has increased turnover, net profit, earnings per share and is paying a higher dividend after strong results in the first six months of 2014, the company’s interim report shows.
The company told the Hong Kong Stock Exchange that “total lottery sales of the Chinese lottery market recorded a strong growth of 19 percent over the same period last year which once again showcased the solid demand and its growth potential of the Chinese lottery market.”
The unaudited results for the first six months of 2014 show turnover of HK$2.51 billion ($161 million) up 8.7 percent on the HK$1.15 billion ($148 million) figure recorded in the same period in 2013. NPAT was HK$551 million ($71 million) compared with HK$490 million ($63 million) (+18.5 percent) for the same period.
Earnings per share rose from 5.86 HK cents to 6.14 HK cents and the company will pay a higher interim dividend - 2.30cps (1.70 cps last year).
The company is expecting further growth around “electronic lottery distribution channels (which) will bring transformational changes to the lottery industry in near future”.