The Prize Bond Company has reported a 5.7% increase in gross sales of bonds to €133m in 2005 compared to the previous year.
A total of €561.5m was invested in prize bonds by the end of 2005, up almost 11% on the previous year.
130,000 prizes were paid to customers last year, with a value of €12.7m. This marked an increase in value over 2004 of 12.7%.
The company also reported strong growth in internet sales of prize bonds. These reached €6m, a jump of 58% over 2004.
Michael O'Keeffe, Chairman of the Prize Bond Company, said the results exceeded expectations for the year. He said the company intends to review all aspects of its product in the coming months and will consult customers through market research.
