Tabcorp digital focus paying dividends

TabCorp reported a strong H1/2015 period saying its digital and retail integration is evolving nicely.

The Group posted a Net Profit After Tax (NPAT) of AUD 122.4 million representing a 64.1 percent increase on the prior corresponding period (PCP).

NPAT before significant items was up 21.8 percent to AUD 90.9 million and earnings per share was up 61.6 percent to 11.9 cents each.

EBITDA was AUD 261.3 million, up 7.2 percent, while revenues amounted to AUD 1,115.2 million an increase of 6.7 percent.

The company reported a robust performance from its wagering business, digital and fixed odds growth.

“Tabcorp’s positive 1H15 performance reflects the benefits of the continued transformation of our business and ongoing investment in our unique multi-channel distribution model,” said Managing Director and Chief Executive Officer David Attenborough.

“Our market leadership in fixed odds and digital wagering continues, with strong growth achieved in both segments during the first half.”

Tabcorp’s integration of its exclusive retail and digital channels will continue as a priority in the second half bolstered by a good performance in the six months prior.

–    Digital turnover amounted to $1,763 million, an increase of 21.7 percent.

–    Mobile made up 63 percent of Tabcorp’s digital wagering turnover, an increase of 51 percent PCP.

“Tabcorp remains committed to investing in the customer experience across our portfolio of gambling businesses and continuing to drive improvements in productivity. This will deliver increased returns to shareholders,” Attenborough added.

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