Published: 21 May 2015
The agreed tax treatment provides Tabcorp with an allowable deduction of $429.6 million, with the balance generating a capital loss of $167.6 million.
As a result, Tabcorp will recognise an income tax benefit of $128.9 million in its financial statements for the year ending 30 June 2015. This benefit will be treated as a significant item.
Tabcorp confirms its target dividend payout ratio of 90% of NPAT, excluding significant items, for the 2015 financial year.
For more information:
Media: Nicholas Tzaferis, GM Corporate Affairs, 03 9868 2529
Financial analysts: Lachlan Fitt, GM Investor Relations and Strategy, 02 9218 1414
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