Australia's Lottery Corp posts record jump on strong HY results

Lottery

23/02/2023 02:22

** Shares of Australia's Lottery Corporation  TLC.AX  rise
as much as 6.9% to A$5.2, set for best day ever
    ** The Lott and Keno brand operator declares an interim
dividend of 8 AU cents per share, which beats Jefferies
estimates of 6.3 AU cents per share
    ** Brokerage says TLC's HY EBIT beat of 7% againsts its
estimates was driven by better margins, benfiting from the
digital expansion in lotteries
    ** Stock hits record high
    ** Stock has risen 8.5% this year as of last close 
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))