Profits rise at gaming giant Tabcorp

Gaming giant Tabcorp has lifted its underlying net profit by nearly 15pct to $171.3m and says it expects further growth.

Gaming giant Tabcorp has lifted its full year net profit and says it expects further growth. (AAP)

Tabcorp has lifted its full year net profit and is confident of further growth in the year ahead.

The gaming giant's underlying net profit, excluding significant items, rose 14.7 per cent to $171.3 million in the year to June 30.

Its net profit, which included a $163.2 million tax benefit, more than doubled to $334.5 million, while revenues rose six per cent to $2.155 billion.

Chief executive David Attenborough said Tabcorp was well placed to drive profitable growth and aimed to achieve a return on invested capital of 14 per cent by fiscal 2017.