Aristocrat half year results beat expectations

Aristocrat Leisure is flying high on the back of impressive first half-year results for the period ending March 31, 2017.

Net profit after tax and before amortisation of acquired intangibles for the half year was A$272.9 million, representing growth of 49 percent (H1/2016: A$183.2 million). Revenue rose 21.6 percent to A$1.2 billion, while EBITDA increased 34 percent to reach A$498.9 million. Net profit after tax was A$249.8 million, up 56.9 percent from A$159.1 million in the prior-year period.

The strong performance was attributed particularly to growth in Aristocrat’s Americas, Digital and International Class III businesses, supported by sustained momentum in Australia.

Digital revenue grew 36.1 percent to reach A$178 million (H1/2016: A$130.8 million) and segment profit was A$77.7 million (H1/2016: A$50.7), up 53.3 percent, driven primarily by the ongoing success of Heart of Vegas and the launch of Aristocrat’s new Cashman Casino app.

A dividend of 14.0 cents per share (A$89.4 million), a 40 percent increase, was authorized by company directors, franked at 25 percent, in respect of the 6 months ended 31 March 2017.

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,” Croker concluded.

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