Tabcorp Financial Report
1. Company Information (a) Name: TABCORP HOLDINGS LIMITED (b) ASX Code: TAH (c) Address: 5 Bowen Crescent, MELBOURNE, VIC, AUSTRALIA, 3004 (d) Website: http://www.tabcorp.com.au/ (e) GICs Industry Group: Consumer Services
Reference: asx.com.au, company information for TABCORP HOLDINGS LIMITED
2. News Article: Tabcorp meets profit expectations From: smh.com.au Date: 9th August 2012 Summary: The newspaper article posted on the Sydney morning herald is mainly focused on TABCORP's financial position, its share prices and its revenue goals and targets. It has been clearly stated in the article that TABCORP share prices had fallen down by 5 percent and that they had shocked the market by decreasing their share prices by 5.1% to $3.14. It is also stated that the decrease in net profit from 2011 to 2012 is due to their license of their poker machines and casino businesses as they have already lost their poker license on Victoria. However, Tabcorp have also gotten an opportunity to start a new Keno Business in Victoria and Tabcorp Gaming Solutions in Victoria as well. TABCORP's new animated racing game, 'Trackside', also has good growth over time with its revenue rising by a huge leap of 65.6% to $82.3m due to its expansion in New South Wales and continued growth in Victoria. It is also stated that online growth has been high as customers have moved from using call centers resulting in the betting done via call centers to decrease by 6.8% as well. Finally TABCORP have stated that their final dividend of 11c per share will be put into effect and that their targeted dividend payout ratio is 80% of the net profit excluding the write off from the Victorian gaming goodwill.
3. Income Statement of TABCORP (a) The Profit margin ratio basically used to calculate the net profit as a percentage of the revenue. It also indicates the profitability of a company and is mostly used for internal use only. The formula for
Reference: asx.com.au, company information for TABCORP HOLDINGS LIMITED
2. News Article: Tabcorp meets profit expectations From: smh.com.au Date: 9th August 2012 Summary: The newspaper article posted on the Sydney morning herald is mainly focused on TABCORP's financial position, its share prices and its revenue goals and targets. It has been clearly stated in the article that TABCORP share prices had fallen down by 5 percent and that they had shocked the market by decreasing their share prices by 5.1% to $3.14. It is also stated that the decrease in net profit from 2011 to 2012 is due to their license of their poker machines and casino businesses as they have already lost their poker license on Victoria. However, Tabcorp have also gotten an opportunity to start a new Keno Business in Victoria and Tabcorp Gaming Solutions in Victoria as well. TABCORP's new animated racing game, 'Trackside', also has good growth over time with its revenue rising by a huge leap of 65.6% to $82.3m due to its expansion in New South Wales and continued growth in Victoria. It is also stated that online growth has been high as customers have moved from using call centers resulting in the betting done via call centers to decrease by 6.8% as well. Finally TABCORP have stated that their final dividend of 11c per share will be put into effect and that their targeted dividend payout ratio is 80% of the net profit excluding the write off from the Victorian gaming goodwill.
3. Income Statement of TABCORP (a) The Profit margin ratio basically used to calculate the net profit as a percentage of the revenue. It also indicates the profitability of a company and is mostly used for internal use only. The formula for