Tatts Group
(ASX:TTS), which agreed to be taken over by betting group Tabcorp Holdings Ltd
(ASX:TAH) in October 2016, posted its 1H17 results.
The highlights are as follows:
- The Australian lottery operator reported a 16.5% drop in its half-year net profit to $122.8 million, and
- Its EBITDA was down 11.5% to $235.1 million.
Tatts Group's results were affected by a drop in revenue from its lotteries business and a weaker wagering performance.
The company declared an interim dividend of 9.5 cents per share, which is a 113.6% pay-out ratio on statutory net profit.
