Australian betting giant Tabcorp has published its 2015 full year financial results, noting a 157.5% increase in net profits.
Key financial indicators for the year were:
NPAT from continuing operations of A$171.3 million, up 14.7% from 2014
NPAT from significant items of A$163.2 million
Earnings per share of 42.4 cents
Full year dividends of 20 cents per share
A special dividend of 30 cents per share
EBITDA of A$508.1 million, up 4.5% from last year, up 4.5% from last year
Revenues of A$2,155.5 million, up 5.7%
Operating expenses of A$458.6 million
Net profits of A$334.5 million, up 157.5% from last year
Operational highlights for the year were:
Strong performance by Wagering and Media business, especially in Fixed Odds and Digital Wagering;
ACTTAB acquisition completed, strengthening Wagering and Media portfolio, with integration on track ;
Keno and Gaming Services well positioned for FY16, following new sign-ups in TGS and Keno brand relaunch;
Agreements in place for Victorian and NSW thoroughbred media rights.
Commenting on his company's financial results Tabcorp Managing Director and CEO David Attenborough said, “Tabcorp’s 2015 financial performance demonstrates the progress we have made in the delivery of our multi-channel distribution strategy and our focus on customers, products and brands. Wagering and Media achieved strong revenue and EBITDA growth in FY15, with customers responding to our integrated retail and digital offer. This business continues to lead the market on the back of our product and channel innovations."
“Keno is undergoing a brand and product transformation, which commenced in June. Initial results have been pleasing and we are well placed to continue to benefit from investments we are making in the network. "
“Our businesses generated more than $1.2 billion in gambling taxes and racing industry funding in FY15, highlighting the value that Tabcorp’s operations provide to stakeholders.”