Tabcorp Holdings Ltd
(ASX:TAH) has lifted its first half net profit by 2.9 per cent to $265.5 million following an improved performance from its casinos, wagering and gaming units.
In the six months to 31 December 2010, the gaming company says revenue rose 3.5 per cent to $2.3 billion, while normalised net profit was up 3 per cent to $272 million.
Tabcorp chairman John Story says all three operating divisions recorded positive revenue and earnings growth.
Mr Story also added that work to implement the proposed demerger of its Casinos business from the Wagering, Gaming and Keno businesses is underway and the target date remains 30 June.
CEO Elmer Funke Kupper says the company is expecting to see positive underlying growth in the second half of the current financial year.
A fully franked interim dividend of 24 cents per share has been declared.
In the 2010 financial year Tabcorp Holdings posted a net profit of $469.5 million.
