Tabcorp Holdings Limited (AU:TAH) has released an update.
Tabcorp Holdings Limited reported a challenging fiscal year for 2024, with a 3.9% decline in Group Revenue to $2,338.9 million and an 18.7% decrease in Group EBITDA to $317.7 million, reflecting tough wagering trading conditions. Despite a soft market, cash wagering revenue saw an increase of 0.4% for the year, with a notable 5.3% rise in the second half, indicating resilience in physical wagering channels. The company also declared a final dividend of 0.3 cents per share, alongside a statutory net loss after tax of $1,359.7 million, heavily impacted by non-cash impairment charges related to wagering assets.
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