EGP TAH

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  1. FNN News
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    10/11/11
    11:32
    Post #: 9266921
    .


    Recently listed Echo Entertainment Group Limited (ASX:EGP) says it expects its second half earnings to grow, underpinned by strong first quarter revenues.



    Earlier this year Echo became a separate entity after Tabcorp Holdings Limited (ASX:TAH) formally spun-off its casinos business.



    Echo now has control of casinos around Australia including The Star in Sydney, Jupiters on the Gold Coast, the Treasury in Brisbane, and Jupiters at Townsville.



    Speaking at the company’s first annual general meeting today CEO Larry Mullin told shareholders the group’s first quarter performance was in line with expectations.



    In the 2011 financial year Echo Entertainment Group reported a net profit of $226 million. 

     


    EGP Price at posting: $3.57 Sentiment: None Disclosure: Held
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