Aug 4 (Reuters) - Tabcorp Holdings Ltd (TAH) :
- Appendix 4e, FY 2016 media release and annual report 2016 (TAH)
- FY net profit attributable to members $169.7 million versus $334.5 million
- FY revenue from ordinary activities $2.19 billion versus $2.16 billion a year ago
- Board has announced a final dividend of 12 cents per share, fully franked
- FY17 dividend target is greater of 90% of npat before significant items and amortisation of victorian wagering and betting licence or 24 cents per share
- In FY 2017, Tabcorp expects variable contribution margin for Sun Bets of approximately 20% and operating expenses of approximately $25 million
- FY 2017 opex/revenue ratio is expected to be approximately 22%
- FY 2017 depreciation and amortisation expense is expected to be approximately $185 million
- Target is to achieve 14% return on invested capital in FY 2017"
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News: TAH Tabcorp records about 50 pct decline in FY net profit
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