Business
How will the Tabcorp (ASX:TAH) share price do in 2021?
The Tabcorp Holdings Limited (ASX: TAH) share price has quietly climbed its way up in the last 6 months, lifting 18%. This follows a fall of more than 50% in March as the coronavirus pandemic ravaged the economy, closing down many of the company’s venues.
Can the Tabcorp share price carry its rising momentum into 2021?
Looking back at 2020
The company was among the hardest hit by COVID-19. It posted a whopping statutory net loss of $870 million for full year FY20, which included significant one-off goodwill impairment item of its wagering business of $1.1 billion.
This loss was made on the back of a $5.2 billion top line revenue, which was only 5% lower than the previous year.
Its lottery business managed to steady the ship,…
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