Two ASX stocks that dipped low – Tabcorp Holdings Limited and Asaleo Care Limited
Weak first half of 2017 results impacted the stock sentiment: Tabcorp Holdings Limited (ASX: TAH) stock fell over 5.3% on February 02, 2017 impacted by the weak first half of 2017 results. Statutory NPAT fell 28.1% to $58.9 million while EPS reached 7.1 cents per share, due to significant items after tax of $43.8 million. Excluding significant items, the group’s EBITDA rose 1.7% to $270.4 million. TAH reported an interim dividend of 12.5 cents per share, as compared to 12.0 cents in the prior corresponding period (pcp). On the other hand, the group reported a decent SRC results boosted by TAB mobile app, product launches and a new brand and marketing campaign. Venue digital commission program started reinforcing the alignment with their retail partners. Qld jackpot pooling has started while new Mega Millions game was launched in NSW.
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