Australia's Lottery Corp jumps on strong start to FY, dividend view

Lottery

07/11/2022 23:43

** Lottery Corp  TLC.AX  rises as much as 2.6% to A$4.41,
their highest since Sept 12
    ** Co says group revenue up 11% during the four-month period
ended Oct 31; adds that it is seeing strong customer support for
games at its Lotteries unit
    ** Adds it expects to pay its first dividend in March 2023;
says focusing on maintaining and growing dividends
    ** TLC, which listed on ASX in May after demerger with
Tabcorp Holdings  TAH.AX , marks its biggest intraday pct jump
since Oct 27
    ** TLC stock down 9.3% since May 24, as of last close
 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))