Group revenue for Tabcorp Holdings Limited tumbled 4.3% compared to FY21 but full-year statutory net profit is up $6.78b, including a gain of $6.5b from the demerger of its lotteries business.
The wagering giant said FY22 was a disrupted year with first half COVID lockdowns in it?s two largest markets, a record number of race meetings washed out and the priority challenges of a company pre-demerger.
?We?re resetting our business and culture to focus only on customers and growth. We?re gearing up for an exciting spring and to follow that with a terrific customer experience for the FIFA World Cup. We?ll also release two new TAB digital products before Christmas?, said CEO Adam Rytenskild.
The Tabcorp share price has climbed 4.57% since the announcement.