Shares of Tabcorp Holdings (ASX:TAH) saw an increase of up to 9.5% to A$1.150, marking the company’s best performance since February 2, 2021, if the gains maintain.

The company’s stock reached its highest level since July 27.

The surge follows the gambling entertainment firm’s report of an 8% increase in FY group EBITDA and a 103% rise in group EBIT.

Tabcorp also declared a fully franked final dividend of 1 Australian cent per share.

In other news, the company announced that CFO Daniel Renshaw will be stepping down at the end of August.

Among the ASX 200 benchmark index, Tabcorp’s stock was a top gainer.

Despite this, Tabcorp shares have seen a decrease of 2.3% this year, as of the last close.

Tabcorp Holdings (ASX:TAH) is a gambling entertainment company headquartered in Australia.