Tabcorp FY profit falls

New structure of Victorian gambling industry weighs on gaming giant's full-year profit result.

Tabcorp Holdings (TAH) has posted a significant loss in full-year net profit as the gaming giant adjusts to the new structure of Victoria's gambling industry.

In the year to June 30, Tabcorp posted net profit of $126.6 million, a 63% decrease on the $340 million recorded in 2012.

Underlying net profit was $139.1 million, just above analysts' consensus forecasts for $138.9 million.

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