Wednesday, August 10, 2022

Aristocrat logs 29 percent rise in net profit in FY2019


Slot and gambling machine maker Aristocrat Leisure saw its profits after tax rise by nearly 29 percent in the one-year period to the end of September, reaching almost A$700 million (about US$476 million). The company’s total sales were nearly A$4.4 billion.

Chief Executive Officer and Managing Director Trevor Croker stated, “Aristocrat delivered another year of high-quality profit growth in fiscal 2019, further extending our track record of share taking and organic momentum, driven by strong investment in talent, product portfolios and marketing across our land-based and digital businesses.”

The company also noted that “a large and increasing majority of Aristocrat’s profit generation comes from the United States.”

Croker stated during the earnings conference call, “As our business grows and evolves, we are investing more in core digital data, transformational skill sets. We also tightened a strategic approach to building and leveraging connections across our global business to bring a broader range of value-added products, services, and experiences to customers in place.”

The company will pay a final dividend of 34 cents, up from 27 cents a year ago.

Aristocrat operates in about eighty countries.

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