Gaming group Tabcorp has lifted its first half profit slightly after gains in its wagering, gaming and media divisions offset a decline in its Keno business.
Tabcorp made a net profit of $74.6 million for the six months to December 31, which is up 2.3 per cent from $72.9 million a year ago.
Earnings from the company’s wagering business were up two per cent to $140.6 million, with revenue growth from its digital arm offsetting a decline in turnover from Victoria and NSW.
The company also recorded an 8.5 per cent lift in earnings from its media and international business to $34.9 million, while gaming services earnings were up 32.7 per cent $33.7 million.
But earnings from the Keno business slid 1.6 per cent to $36.1 million due to a higher number of $1 million-plus jackpots paid out to customers in its Queensland business.
Tabcorp chief executive David Attenborough said the company had performed well.
“In the context of a relatively subdued retail environment, we achieved overall earnings growth, supported by good cost control,” he said.
Mr Attenborough said the company was focused on lifting returns and driving productivity growth during the second half of the 2013/14 financial year.
Tabcorp announced an interim fully-franked dividend of eight cents per share, down from 11 cents last year.