Tabcorp Holdings' Limited
(ASX:TAH) full-year net profit has been hit by costs associated with the new structure of Victoria's gambling industry.
In the year to June 30, Tabcorp posted net profit of $126.6 million, a 63 per cent decline on the previous year.
The group's result was weighed by a number of costs associated with the restructure of the gambling industry, including an $18.6 million impairment charge for its Victorian Keno licence and a $47.2 million write-off of goodwill on its now decommissioned Victorian gaming business.
In the same period, revenue was $2.1 billion, a 30 per cent decrease on the previous year's total revenue.
The gaming giant declared a fully-franked full-year dividend of 19 cents, lower than the previous year's 24 cents distribution.
