Tabcorp Reports Profit Up
24 Feb 2005
AUSTRALIA – As reported by the Australian Broadcasting Corporation: "The country's largest gambling group, Tabcorp, has announced a 47 per cent increase in half-year net profit to $254 million.
"The company also declared an interim dividend of 40 cents per share, up five cents on the previous interim dividend paid last year.
"During the reporting period, Tabcorp took control of the New South Wales wagering operation, Tab Limited, as well as casinos in Queensland.
"The company also paid out more than $621 million in taxes on gambling and paid almost $41 million to state community benefit funds…"