Hotels, Restaurants and Leisure
Company Overview of Loto-Québec, Inc.
Company Overview
Loto-Québec, Inc. engages in the businesses of public lotteries. The company, through its subsidiaries, operates casinos, and restaurant and hotel services, as well as a video lottery network, including gaming halls and network bingo activities. It also sells and markets traditional, instant, and terminal-based lotteries, as well as the sports lotteries. Loto-Québec, Inc. was founded in 1969 and is headquartered in Montreal, Canada.
500 Sherbrooke Street West
Montreal, QC H3A 3G6
Canada
Founded in 1969
Key Executives for Loto-Québec, Inc.
Loto-Québec, Inc. Key Developments
Loto-Québec, Inc. reported earnings results for the second quarter and six months ended September 26, 2011. The company reported total sales rose to $900 million during the second quarter, an increase of $11 million over the same period last year. The higher sales can be explained by the healthy performance of the lottery sector, which grew by 2% during the summer. Earnings were $900,027,000 compared to $889,969,000 last year. Between June 28 and September 26, the company’s business generated earnings of $336.2 million compared to $344.9 million last year. At the end of the two first quarters, the results are slightly higher than the forecast that was used to establish the budget figure of some $1.310 billion for fiscal 2012.
Loto-Québec, Inc. announced IFRS earnings results for the first quarter of fiscal year 2012. At the end of the first quarter of fiscal year 2011-12, the company’s revenues are 3.8% lower, reaching $882.3 million as compared to $916.8 million for the same period last year. Overall reported earnings reached $328.6 million, dropping by 5.5% compared to the same period in 2010-11. The company stressed that large prize-payout sequences vary from year to year and may considerably impact corporation's quarterly sales figures.
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To contact Loto-Québec, Inc., please visit www.loto-quebec.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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