Tabcorp’s FY18 net profit rises to $28.7m

Company News

by Anna Napoli

Tabcorp (ASX:TAH) has reported its net profit for the period attributable to members for the 2018 financial year was $28.7 million.

This compares with a loss of $20.8 million for the 2017 financial year.

In more good news for the gaming company, its revenue strengthened over the 2018 financial year, and lifted 71 per cent to $3.8 billion.

Earnings (EBITDA) rose by almost 70 per cent to $529 million.

The company declared a fully franked dividend of 10 cents per share to be paid on the 14th of September.

Shares in Tabcorp (ASX:TAH) are trading 6 per cent higher at $4.77 following the results.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.