Tabcorp Holdings Ltd said its normalized net income for the fiscal first half ended Dec. 31, 2014, came to 11 Australian cents per share, compared with the S&P Capital IQ consensus estimate of 11 cents per share.
EPS climbed 21.2% year over year from 9 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was A$85.6 million, a gain of 23.8% from A$69.1 million in the year-earlier period.
Total revenue increased 6.7% on an annual basis to A$1.12 billion from A$1.05 billion, and total operating expenses climbed 6.0% from the prior-year period to A$935.9 million from A$883.1 million.
Reported net income grew 64.1% on an annual basis to A$122.4 million, or 16 cents per share, from A$74.6 million, or 10 cents per share.
