Australian gaming supplier Aristocrat Leisure Ltd. posted a robust increase in both revenue and net profit for this fiscal year’s first half ended March 31. The growth was mainly attributed to the acquisition of North American gaming developer Video Gaming Technologies (VGT).
Aristocrat pointed out that the group’s results for the reported period were well ahead of those posted for the first half of the 2014 fiscal year. Revenue increased 73.5% to A$685 million.
Revenue from the company’s Australian and New Zealand operations amounted to A$130.1 million compared to A$91 million in 2014. Aristocrat’s American operations contributed a total of A$437.2 million to the overall revenue, up 96.3% year-on-year. International Class III gaming business generated the amount of A$60 million compared to A$62.6 million in 2014. Revenue from digital operations increased the impressive 213.6% to reach A$57.7 million.
Aristocrat also posted a 121.3% rise in EBITDA. The amount of A$243.4 million was generated during the period in review compared to A$110 million in 2014.
The gaming supplier posted net profit after tax and before amortization of acquired intangibles (NPATA) of A$110.1 million, up 66.8% compared to the amount of A$66 million reported for the same period a year ago. Statutory profit after tax increased 35.2% to A$77.6 million.
As mentioned above, the Australian company mainly attributed its financial results to the purchase and the successful integration of VGT. Investments in certain games and other gaming-related products as well as strong sales in Macau, due to new casino openings in the administrative region, were also among the factors that boosted the supplier’s performance during the six-month period ended March 31.
Jamie Odell, Chief Executive Officer and Managing Director of Aristocrat, commented that the first half of this fiscal year was transformative for the company. He pointed out that the gaming supplier managed to focus its attention on “driving scale and profitability” in critical segments, dispose of certain non-core operations, and take important steps forward in its “product-led, share-taking strategy.”
Mr. Odell also said that they expect to post similar NPATA performance by the end of the year’s second half and will remain focused on achieving a full-year profit growth.
Furthermore, the company will strive for even further growth in 2016, which is to be driven by improvements in its operational performance in key markets and segments, low churn rate across Asia, higher investment in Design & Development, etc.
