Jumbo sell-down for online lottery reseller

Jumbo Interactive (JIN) suffers its worst one-day fall in six months after its first half profit guidance raised concerns that the online lottery reseller will not meet consensus expectations.

Jumbo Interactive (JIN) suffered its worst sell-off in six months as its trading update showed that the turnaround of the company will take longer than some were expecting.

Shares in the online lottery reseller tumbled 7.6% to $2.32 after management forecasted revenue of $11 million to $12 million and net profit of between $1.3 million to $1.6 million.

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