Tabcorp Holdings (TAH) Full Year Results - Net profit up 15%, slightly ahead of estimates

Bell Potter

Stockbroker

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)


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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.

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