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Reuters
Reuters
Business

Australia's Tatts Group Q1 profit climbs as lotteries revenue rises

(Reuters) - Australian lottery operator Tatts Group Ltd <TTS.AX> on Tuesday posted a 15 percent rise in first quarter net profit from continuing operations, driven by strong sales from its lotteries business and controls on expenses.

Tatts said its net profit from continuing operations rose to A$67.2 million ($51.1 million), while quarterly revenue rose 7 percent to A$743.1 million.

(Reporting by Chandini Monnappa in Bengaluru; editing by Richard Pullin)

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