Australia’s Tatts Group saw its full-year profit fall to a pathetic $119M, despite revenue rising 2.6% over the period. One-off restructuring costs are getting the blame for the profit plunge, but with those out of the way, Tatts can get back to really making it rain for their shareholders in the year ahead, even more so if they win the three-legged race for the state of Victoria’s wagering concession. Read more.
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