Tabcorp FY24 Results Meet Market Expectations

Tabcorp Holdings Limited (AU:TAH) has released an update.

Tabcorp Holdings Limited has assured investors that its FY24 financial results align with market expectations, despite significant non-cash impairment charges and other one-off items affecting statutory net profit after tax (NPAT). The company emphasizes that key performance metrics such as EBITDA and EBIT are consistent with consensus, indicating a stable underlying business performance. Investors are reportedly not surprised by the results, given the non-cash nature of the impairments and prior knowledge of the company’s ongoing transformation program.

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