Tabcorp
(ASX:TAH) has reported its statutory net profit after tax fell over 100 per cent to a loss of $20.8 million in FY17, down from its NPAT of $169.7 million in FY16.
Its EPS fell 2.5 cents per share for the period.
The betting giant was adversely impacted by significant items after tax of $199.7 million. The biggest toll on that was from the Tatts
(ASX:TTS) merger impact [of $53.9 million], AUSTRAC civil proceedings [of $61.8 million] and Sun Bets operating loss [of $47.6 million].
Tabcorp says although its NPAT, EBITDA and revenues (before significant items) were within guidance, its EBIT before significant items fell 3.5 per cent to $325.4 million.
Its revenue however rose 1.9 per cent to $2.2 billon.
It declared a final dividend of 12.5 cents per share, fully franked, taking the full year ordinary dividend to 25 cents per share (cps) fully franked, (a gain from the pcp’s 24 cps).
Shares in Tabcorp
(ASX:TAH) are trading 0.35 per cent higher to $4.30.
