Tabcorp Holdings (TAH) Full Year Results - Net profit up 15%, slightly ahead of estimates
Tabcorp had a strong performance by Wagering and Media business with Fixed Odds and Digital Wagering the strongest contributors in FY15. Wagering and Media revenue was up 6.9% to $1856.9m, EBITDA up 7.2% to $375.8m. They remain well positioned to drive future performance maintain expense discipline and achieve a Return on Invested Capital of 14% by FY17. FY16 target dividend payout ratio to increase to 90% of NPAT before amortisation of the Victorian Wagering and Betting Licence. Read our summary here: (VIEW LINK)
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Welcome to Livewire, Australia’s most trusted source of investment insights and analysis.
To continue reading this wire and get unlimited access to Livewire, join for free now and become a more informed and confident investor.
Already have an account? Sign in here
Advertisement
Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.
1 topic
1 stock mentioned
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
Buy Hold Sell: 5 stocks for your naughty list in 2024
Livewire Markets
Equities
Why Ex-20 stocks outperform and the outlook for lithium
Livewire Markets