Tatts Group profit from continuing operations gains 12 percent

    Tatts Group said first-half profit from continuing operations rose 12 percent boosted by record lottery earnings, growing online demand, cost control and lower interest expenses. On a reported basis, net profit after tax was $121.97 million down 5 percent as a result of the exclusion of revenue from the discontinued Victorian gaming machine business. Actual revenue was $1.49 billion, a 12.7 percent decrease on the $1.71 billion posted a year ago.