DJI Holdings increases profit, reduces loss per share in 2014

Tuesday 16th of June 2015

DJI Holdings plc, a licensed promoter and distributor of Chinese sports and welfare lottery products, announced a strident increase in gross profit while nearly halving its basic loss per share in 2014 compared with the year before.

Gross profit for the 12 months ending December 31, 2014, increased to £6.9 million ($10.8 million) from just £1 million in 2013. The company’s revenue jumped to £13.4 million during this period from £1.1 million in 2013.

The company’s basic loss per share went from 6.4p in 2013 to 3.4p in 2014.

“In December 2014, weekly sales of lottery tickets fulfilled by DJI’s technology platforms close to exceeding sales achieved for the whole of 2013,” the company said in a filing.

The company said its main achievements over the past year included the acquisition of “specialty online sports lottery consumer business” in 14Q1 and a joint venture agreement with Xinhuatong Software Development, which allowed DJI to gain access to a large online and mobile customer base, the company said.

“The acquisitions and joint venture agreements completed prior to our IPO and listing in July have positioned our business to capitalise on the fast growing online sector of the Chinese lottery industry,” said Darren Mercer, CEO of DJI Holdings plc.

In March, the Chinese government temporarily suspended online sales pending regulatory changes.

“[W]hen these sales resume, we expect Chinese consumers increasingly to choose web and mobile as their channel of choice for lottery ticket purchases,” added Mercer.