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Aristocrat H1 revenue up 7% despite “unprecedented challenges”

By Owain Flanders

Aristocrat saw operating revenue of AU$2.25bn (US$1.47bn) for H1 of its financial year, a rise of 7% year-on-year.

EBITDA was AU$707.6m, down 8%, while profit after tax was AU$1.31bn, up 277% from the previous year.

Operating cash flow also increased to $620m, a rise of 42%.

The supplier saw a 6% decrease in land-based revenue; however, this was offset by 19% growth in digital revenue.

Aristocrat’s Class III installed base grew 9%, while its Class II installed base grew 2%.

As of 31 March, Aristocrat had AU$1.8bn of liquidity available on a pro forma basis.

Aristocrat CEO and managing director, Trevor Croker, commented: "Aristocrat delivered a result for the half year to 31 March 2020 that demonstrates our core strengths and the relevance of our product-led strategy, despite the unprecedented challenges generated by the COVID-19 pandemic.

"Our progress in driving share through outstanding product and diversifying revenue streams – including across attractive digital genres and titles – are also evident in this result."

Earlier this week, the Australian gaming supplier announced it priced a new US$500m term loan B facility that will mature in October.

The aim of the loan is to preserve the company’s strong balance sheet metrics, with the proceeds meant for general corporate purposes.

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