Tag: Australian gaming
Tatts Confident of Positive Full-Year Performance
February 20, 2014
Australian gaming company Tatts has reported a slight fall in net profit in the six months through to December 31, but remains confident of its full-year results, according to the Australian newspaper. The report said that Tatts generated a net profit from ordinary activities of Aus$121.97 million (€79.7 million/$109.4 million) – a 5% fall from Aus$128.32 million in the corresponding period of 2012. However, the figures excluded revenue from Tatts’ now-discontinued Victorian operations. On a continuing activity basis, net profit rose by 12.2% thanks to record earnings from lotteries, increasing online demand, better cost control and lower interest expenses. Total…