Australia’s Tabcorp, one of the world’s largest publicly listed gaming companies, posted a net profit of A$334.5m (€221.56m), an increase of 158 per cent on the previous year’s A$130m (€86.12m).
The fiscal year, said the Melbourne-based company, had shown a 4 per cent pre-tax profits increase on a continuing operations basis.
The underlying net profit was A$171.3m (€113.48m) on revenues up 6 per cent to A$2,156m (€1,427.81m). The EBITDA was boosted by a strong performance in its wagering business with revenues up 7.2 per cent while keno was up 8 per cent.
Further investment in its business, which operates brands including TAB, Luxbet, Sky Racing and Sky Sports Radio, would follow this year’s success, said the company. The figures come against a background of controversy as Tabcorp was accused of failing to comply with anti-money laundering and counter-terrorism financing laws, by Australia’s AUSTRAC, the country’s financial intelligence unit, an accusation which the group strongly denies.
