🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

BRIEF-Tabcorp says total group revenue growth is expected to be in the range of 1.4 pct to 2.3 pct for FY17

Published 20/06/2017, 01:29 pm
© Reuters.  BRIEF-Tabcorp says total group revenue growth is expected to be in the range of 1.4 pct to 2.3 pct for FY17
TAH
-

June 20 (Reuters) - Tabcorp Holdings Ltd TAH.AX

* Tabcorp/Tatts transaction and trading performance

* Australian Competition Tribunal authorises proposed combination of Tabcorp and Tatts

* Tribunal expects to publish reasons for its determination on thursday 22 June 2017.

* Tabcorp holdings ltd continues to expect transaction to deliver at least $130m p.a. Of ebitda from synergies and business improvements

* it is expected that a meeting for Tatts shareholders to consider scheme will be held in august 2017.

* Tabcorp holdings says earnings are expected to be realised in first full year following completion of integration of businesses

* sees fy17 revenue in range of approximately $2,220m to $2,240m

* sees fy17 ebitda before significant items in range of approximately $500m to $510m

* sees fy17 npat before significant items in range of approximately $173m to $180m

* gaming services is forecast to record strong growth in fy17, enhanced by tabcorp's acquisition of intecq

* uk start-up business sun bets is forecast to report a 2h17 ebitda loss of $24m

* Tabcorp holdings says operating expenses for fy17 have increased, and are forecast to remain at approximately 23% of revenue

* board expects to declare a fully franked final dividend of 12.5 cents per share, taking full year fy17 dividend to 25 cents per share.

* fy17 full year result is expected to be impacted by a number of significant items Source text for Eikon: ID:nASX66DtBv Further company coverage: TAH.AX

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.