The company, which operates media and gaming services, increased statutory revenue by 2.6 per cent to $2.4 billion and earnings before interest.
Tabcorp says it is growing its market share against aggressive overseas firmsTabcorp has posted a $66.5 million net profit after tax in its first year after the demerger of its lotteries and Keno business, as a growing wagering business offset softer market conditions.
“Our total revenue market share grew, highlighting the strength of our wagering ecosystem”: Tabcorp boss Adam Rytenskild.as customers abandon in-person wagering and instead place bets online. On a pro forma basis, Tabcorp reported a 2 per cent increase in group revenue to $2.4 billion. EBITDA climbed 8 per cent to $391 million when taking out the earnings from the lotteries segment last year.Net profit after tax was $66.5 million, impacted by a $49 million non-cash impairment of $49 million related to the gaming services business.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ASX 200 LIVE: ASX to rise after stellar Nvidia result; Qantas, TPG Telecom and Medibank set to reportShares in Nvidia soar more than 7 per cent in extended trading; Tabcorp, TPG Telecom and Medibank are among the big names set to report. Follow more here.
Read more »
Woolies posts $1.6b profit, but Big W slowdown rings alarm bellsWoolies boss Brad Banducci says there’s solid growth in the company’s food business, but like at rival Coles, shoplifting is a rising concern.
Read more »
Coles posts $1.1 billion profit as meat and veggie prices dropThe supermarket giant says products like red meat and other key fresh products are becoming more affordable.
Read more »
Allkem posts record profit ahead of lithium mega-merger voteThe lithium producer’s profit soars to more than $800 million on the back of key mining operations in Western Australia and Argentina.
Read more »
Coles posts $1.1 billion profit as meat and veggie prices dropThe supermarket giant says products like red meat and other key fresh products are becoming more affordable.
Read more »
Coles posts $1.1bn profit amid grocery price surge and cost of living crisisColes expands profit margins and posts a 4.8% rise in full-year annual profit
Read more »