Wagering and gaming operator Tabcorp’s full year result was admirable considering the weaker environment haunting the nation’s retailers. It highlights the generally resilient nature of gambling revenues. Revenue increased 3% to $3.0bn, while adjusted net profit increased 13% to $340m. The board declared a fully franked final dividend of 11 cents per share (ex-date 16 Aug), bringing the annual total to 24 cents.
*Earnings before interest and tax, ^Adjusted for demerged casino business, ~Net debt to equity ratio.