TAH 1.31% 75.5¢ tabcorp holdings limited

SYDNEY, Feb 2 (Reuters) - Australia's largest betting company,...

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    SYDNEY, Feb 2 (Reuters) - Australia's largest betting company, Tabcorp (TAH), on Thursday posted a 5 percent rise in half-year profit as it pushes ahead with its planned A$6.2 billion ($4.70 billion)purchase of lotteries group Tatts (TTS).

    Tabcorp reported an underlying net profit of A$102.7 million for the half ended Dec. 31, up from $A97.5 million a year earlier.

    The result was slightly above average estimates of 4 percent growth in underlying earnings from two analysts.

    The interim dividend of A$0.125 fully franked was 4 per cent higher than a year earlier.

    Tabcorp wants to buy Tatts in part to fend off a growing challenge from overseas online rivals like William Hill and Paddy Power Betfair . ($1 = 1.3201 Australian dollars)

 
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Last
75.5¢
Change
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Mkt cap ! $1.724B
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76.5¢ 77.0¢ 74.8¢ $3.107M 4.113M

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14 255492 75.0¢
 

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Price($) Vol. No.
75.5¢ 317904 1
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Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
Last
75.5¢
  Change
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