Tatts FY profit slips after levy

By Elizabeth Redman

The group said the health benefit levy imposed by the Victorian government had "significantly impacted" its profit for the year. Revenue fell 7. 9 per cent to $2. 868 billion, compared with $3. 116bn in 2013.

Gambling company Tatts Group says it is well positioned for a successful year ahead due to a lift in wagering revenue in the past few months, despite posting a decline in profit for fiscal 2014.

Net profit attributable to members missed analyst expectations, falling 19 per cent to $200. 42 million in fiscal 2014 compared with $247. 34m profit in the previous year.

Read more here: Business Spectator


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