Tabcorp and Tatts Group merger did no good for the company

Tabcorp and Tatts Group merger did no good for the company

Tabcorp has announced about the revenue growth by 18.7% in annual terms for the second half of the year, during which it concluded the merger with Tatts group.

The revenue for six months until December 2017 amounted to 1.38 billion Australian dollars compared to 1.12 billion for the corresponding period for the previous year.

The profit before interest, taxes and depreciation remained relatively low at 269 million dollars, while the pre-tax revenue decreased by 7.6% to 169.8 million Australian dollars.

Apart from that, the fixed net profit after tax (NAPT) has decreased by 58.2% compared to the similar period of the previous year to 24.6 million Australian dollars.