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Tabcorp Holdings Limited’s (ASX:TAH) full year net profit has grown by 14 per cent to $534.8 million.
The gaming company’s latest result is its first since it formally spun-off its casinos business which is now trading as separate entity, Echo Entertainment Group Limited (ASX:EGP).
The 2011 financial year result will be the last to include Tabcorb’s casino figures.
Looking ahead, Tabcrob expects "steady" trading activity to continue. The company is targeting a dividend payout of 50 per cent of net profit in the 2012 financial year.
A fully franked final dividend of 19 cents has been declared, bringing the full-year payout to 43 cents per share.
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