Manitoba-based Pollard Banknote reported financial results for the three-month period and year ended December 31, 2022. In the fourth quarter, the lottery provider set a new quarterly record with revenue of C$126.9 million, up 8.9%. Meanwhile, at the end of 2022, it broke a new sales record of C$482.3 million.

As a leading provider of products and solutions for lottery and charity games worldwide, Pollard Banknote is one of the most trusted names in the industry. It is Canada's largest supplier and the second largest instant ticket developer in the world. It is also the second largest bingo paper and pull-tab provider for the charity game industry in North America.

In the fourth quarter of fiscal year, the company reported revenue of C$126.9 million, which was the company's fourth-quarter high. Total revenue, including revenue from Neopolad Interactive, was C$144.6 million, an improvement of 13.9% from the fourth quarter of 2021. Meanwhile, operating revenue was C$9.4 million, a significant improvement to C$4.7 million in the same quarter of 2021.

iLottery also witnessed growth in the fourth quarter, generating a record comprehensive income before income tax of C$11.6 million. It is also noteworthy that the company's charitable gaming and eGaming system business continued to record unprecedented demand. In the meantime, its immediate ticket margin has been significantly negatively affected by large inflationary price increases.

In terms of full-year results, the end of 2022 hit a new sales record of C$482.3 million, 5.1% more than 2021. Total revenue for the year was C$537.4 million, up 7.7% from C$449.2 million in 2021. Net income was C$19.3 million, down slightly from C$19.7 million, or 2%, compared to 2021.

The media also said that during 2022, the company was able to successfully adjust the prices of a number of immediate ticket customer contracts, allowing it to recover higher input costs as part of the contracts that were put up for re-bidding. Meanwhile, iLottery operations in 2022 produced very strong results with pre-tax combined revenue of CA$33.2 million.

Pollard notes are shifting momentum from the end of 2022 to the new year, as they have already made some important announcements. Received a new contract from the North Carolina Education Lottery in January 2023. This new contract runs until October 31, 2025, and may be extended on a yearly basis for an additional three years.

It then announced a partnership with leading lottery supplier Atlas Experience, LLC in February. ◦According to the agreement, the two parties will partner to create a new multi-jurisdiction program for instant gaming. This will give the lottery a grand prize and access to integrated marketing campaigns.

BY: 파워볼사이트