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BRIEF-Tabcorp Holdings HY net profit attributable $58.9 mln

Published 02/02/2017, 09:06 am
Updated 02/02/2017, 09:10 am
© Reuters.  BRIEF-Tabcorp Holdings HY net profit attributable $58.9 mln
TAH
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Feb 2 (Reuters) - Tabcorp Holdings Ltd TAH.AX :

* HY revenue from ordinary activities $1.16 billion, up 2 pct

* HY net profit for period attributable to members $58.9 million, down 28 pct

* Declares interim dividend 12.5 cents per share

* FY17 dividend target is greater of 90 pct of NPAT before significant items and amortisation of Victorian Wagering and Betting Licence or 24 cents per share

* Tabcorp's proposed combination with Tatts Group is expected to deliver significant value for both sets of shareholders

* Tabcorp's target is to achieve 14 pct return on invested capital in FY17, excluding impact of significant items

* "Dividend reinvestment plan (DRP) will operate in respect of this interim dividend"

* FY17 capex expected to be approximately $200 mln, including $27m in 2H17 related to TGS expansion Source text for Eikon: Further company coverage: TAH.AX

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