Aristocrat doubles profits

Monday, 10 December 2012

Aristocrat Leisure’s profit has more than doubled and the company expects further growth as it releases new gaming products. Aristocrat made a net profit of $45.5 million in the nine months to September 30, up from $19.9 million in the previous corresponding period.

The company has reported a nine-month profit as it has moved the end of its financial year from December 31 to September 30. Aristocrat said the profit growth was driven by its efforts to improve efficiencies, illustrated by a 76% rise in earnings from the previous corresponding period, on 30% revenue growth.

Its $US80.9 million ($A77.82 million) profit from north America in the nine months to September was up 18% from the previous corresponding period, as sales of machines grew by a similar rate. The company’s Australia and New Zealand operations delivered a $45.9 million profit, up 7% from the previous corresponding period. Aristocrat declared an unfranked final dividend of two cents per share, taking dividends in the nine months to September to an unfranked six cents.

Author: Editor

Share This Post On

Submit a Comment

Your email address will not be published. Required fields are marked *