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Sun Bets investment weighs on Tabcorp as first half profit slumps

2nd February 2017 9:15 am GMT

Australia’s Tabcorp Holdings has posted a 28 per cent drop in net profit to AUD$58.9m for its first half ended December 31st, with results impacted by start-up costs of $17.9m relating to its UK-facing Sun Bets business.

Total revenue grew by 2 per cent to $1,159.3m during the six month period, with year-on-year growth across all of its divisions.

Wagering and Media represented 85 per cent of Tabcorp’s total revenue with $987.0m, [...]

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