China’s temporary suspension of online sales has impacted DJI Holdings’ operating results and financial position in the first half of 2015.
UK-listed lottery technology supplier DJI Holdings plc has announced its unaudited interim results Tuesday for the six months ending June 30, posting a 35.9% drop in net revenue to £2.1m from £3.4m in H1 2014.
The company also recorded a gross sales of £86m, down 48% from £134.2m over the same period a year ago, with net loss up 47.8% year-on-year to £3.4m from £2.3m.
Despite the loss, DJI CEO Darren Mercer said that during the temporary suspension in March, the company has taken the advantage of this down-time to significantly improve its long term prospects by exploring new ways to work with provincial lottery partners to develop other revenue streams, both lottery and non-lottery; and to strengthen its position in the lottery sector to fully capitalize on the resumption of online lottery sales.