Company News Summary
Tatts Group Provides FY12 Profit Guidance
Original announcement: FY 2012 Profit Guidance
Tatts Group advised that it expects its profit after tax for FY12 to be between $315m to $320m (FY11: $275.4m). The expected profit includes the expenses incurred on the integration of TOTE Tasmania and TattsBet, and the installation of the group's lottery system at NSW Lotteries. This expectation is based on preliminary results and is subject to finalisation of year end financial statements. This guidance is provided as a consequence of ASX Listing Rule 3.1 and ASX Guidance Note 8, particularly the general policy that the market be informed if profits change by more than 10-15% in a financial year. The group is scheduled to release its full year results on 23 August 2012.
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