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BRIEF-Tabcorp Holdings posts FY net loss attributable of $20.8 mln

Published 04/08/2017, 09:09 am
Updated 04/08/2017, 09:10 am
© Reuters.  BRIEF-Tabcorp Holdings posts FY net loss attributable of $20.8 mln
TAH
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Aug 4 (Reuters) - Tabcorp Holdings Ltd TAH.AX -

* Final dividend 12.5 cents per share

* Fy revenue $2.23 billion, up 2 percent

* Fy net loss attributable $20.8 million versus profit of $169.7 million

* Fy npat before significant items $178.9m, down 3.8%

* Overall wagering & media performance impacted by underperformance in Luxbet and Trackside

* Strategic review of Luxbet is underway, while review of Trackside's product and marketing activity has been completed, with new initiatives planned for fy18

* Sun Bets recorded an FY17 ebitda loss of $46.2m

* Sun Bets leadership and operations have been reset to improve positioning of business for fy18

* Tabcorp and Tatts remain committed to combination and are continuing to progress transaction

* Expect to complete merger with tatts in last quarter of 2017

* "Our plan for fy18 centres on completing combination with Tatts"

* Significant items after tax in fy17 totalled $199.7m

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