Jackpot for Aristocrat as first-half profits soar
By Andy Young
Aristocrat Leisure Limited has announced its results for the half year ending 31 March 2017 and has confirmed strong profits growth.
The company said that its profit after tax (and before amortisation of acquired intangibles) for the half year was $272.9m, up from $183.2m for the same period last year. That represents growth of 49 per cent in reported terms.
The company said the result “reflected the strong performance delivered across the Group’s global portfolio, particularly growth in Aristocrat’s Americas, Digital and International Class III businesses, supported by sustained momentum in Australia”.
Aristocrat Chief Executive Officer and Managing Director, Trevor Croker, said: “Aristocrat delivered outstanding results over the first half of fiscal 2017. Industry leading content, hardware and technology translated into exceptional operational performance despite competitive market conditions.
“Aristocrat is fully focused on growing our core business while investing wisely to capture attractive opportunities in adjacent segments and markets over time.
“Aristocrat’s strong balance sheet, improving debt ratios and substantial liquidity position provides us with ample flexibility for continued investment going forward, consistent with our strategy and shareholders’ interests.”
Looking to the rest of the year the company said that it expects to deliver full-year profits between 20 and 30 per up on last year.