Tabcorp posts $66.5m profit after demerger, says market share rising

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 90%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

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.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 2. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

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.
La source: FinancialReview - 🏆 2. / 90 Lire la suite »