(Alliance News) - Lottery and e-commerce operator St James House PLC's on Thursday reported an improvement in trading but warned its working capital remains constrained.
In the company said the number of weekly lottery lines played was 39% higher year-on-year in December. The unit is set to make a "positive operating contribution" for the second half of the firm's year ending January 31.
St James said its payment division, particularly the non-card payment arm, has made progress in "all areas".
The company explained: "January 2020 saw the first pound account clients onboarded, meaning that the company has expanded its services to include direct debit, faster payments, SWIFT and BACS payments."
Although its "improved" operating performance has helped allay some working capital concerns, St James said it still "remains constrained". The company said it is working on a solution to improve its financial position.
Shares in the company were untraded in London on Thursday afternoon, last quoted at 21.00 pence each.
By Eric Cunha; ericcunha@alliancenews.com
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