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NEWS 26 May 2016

Aristocrat revenue for H1 breaks A$1bn

By David Cook
Aristocrat Leisure’s revenue for the half year ended 31 March topped A$1bn (£490m) and improved by 47% year-on-year.

Net profit after tax and before amortisation of acquired intangibles (NPATA) was A$183.2m and up 66%, while EBITDA ascended 53% to A$372.4m.

The provider said performance was aided by “growth in share, average selling price and overall average fee per day across Aristocrat’s core segments in North America and Australia, together with continued earnings growth and record daily active users in the digital social gaming business”.

Aristocrat also reduced its net debt (cash) to A$1.23bn, down from A$1.48bn, and this total has fallen from 2.9x EBITDA to 1.9x EBITDA.

A total of 50% of revenue was generated from recurring sources, despite extreme growth in the Australian outright sale market during the period.

Jamie Odell, Aristrocrat CEO, said: “Aristocrat delivered outstanding results over the first half of fiscal 2016, representing our tenth consecutive period of earnings growth.

“Specifically, Aristocrat expects NPATA for the second half of the fiscal year 2016 to be broadly in line with the first half.”

Aristocrat’s share price seemed relatively unaffected by the update, with the cost increasing from A$12.43 to A$12.45 on the Australian Securities Exchange on Thursday.
RELATED TAGS: Land-Based | Financial
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