Australia's Tabcorp set for best day in 2-1/2 years on strong FY results

Tabcorp Holdings

24/08/2023 04:50

** Shares of Tabcorp Holdings  TAH.AX  rise as much as 9.5%
to A$1.150, set for best day since Feb 2, 2021, if gains hold
    ** Stock hits its highest level since July 27
    ** The gambling entertainment co reports an 8% and a 103%
increase in FY group EBITDA and group EBIT, respectively
    ** TAH declares fully franked final dividend of 1 Australian
cent per share
    ** Separately, co says CFO Daniel Renshaw will be stepping
down at August-end 
    ** Stock among top gainers in ASX 200 benchmark index
 .AXJO 
    ** Tabcorp stock down 2.3% this year, as of last close

     ($1 = 1.5463 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((Shivangi.Lahiri@thomsonreuters.com;))