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SVL bottom line squeezed by ‘economic realities’

Brian-George-2

LOTTERY operator Supreme Ventures Limited (SVL) posted a 55 per cent decline in net profits last year despite higher sales in most of its gaming products.

Annual revenue grew 15 per cent to $34.1 billion during the year ended December 31, 2013, led by a 21 per cent rise in Cash Pot sales to $23 billion. But SVL’s net profit dipped by 55 per cent as direct expenses jumped by a fifth to $30.8 billion.

Published in the Jamaica Observer
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