Tabcorp Holdings Limited (AU:TAH) has released an update.
Tabcorp Holdings Limited has assured investors that its FY24 financial results align with market expectations, despite significant non-cash impairment charges and other one-off items affecting statutory net profit after tax (NPAT). The company emphasizes that key performance metrics such as EBITDA and EBIT are consistent with consensus, indicating a stable underlying business performance. Investors are reportedly not surprised by the results, given the non-cash nature of the impairments and prior knowledge of the company’s ongoing transformation program.
For further insights into AU:TAH stock, check out TipRanks’ Stock Analysis page.
