Gaming machine manufacturer Aristocrat Leisure has released its financial results for the six months to the end of March showing a 66.4% increase year-on-year in net profit after tax and amortization to $132.1 million.
The Australian firm had total first-half revenues of $727.8 million, which represented a rise of 47.4% year-on-year, while its earnings before interest, tax, depreciation and amortization grew by 53% to reach $268.6 million.
“Aristocrat Leisure delivered outstanding results over the first half of fiscal 2016, representing our tenth consecutive period of earnings growth,” said Jamie Odell, Managing Director and CEO for Aristocrat Leisure. “This fact underlines the sustainability of our performance and the quality of the strategy upon which it is based.
Sydney-based Aristocrat Leisure stated that its results were helped by growth in the “share, average selling price and overall average fees per day” from its core segments in North America and Australia alongside record daily active users for its digital social gaming business.
“Our focus on growing share and profitability by investing in compelling product portfolios, targeted to priority segments and supported by improving execution, is delivering tangible and sustained results despite generally flat and highly competitive market conditions,” said Odell.
Aristocrat Leisure declared that its business in Australia and New Zealand delivered “significant share gains across all market segments” thanks to the success of its Helix cabinet as well as its Lightning Link and Lightning Cash family of games while its Good Fortune and Five Dragons innovations continued to perform “above floor” in Asia-Pacific venues.
“Our expectations for the full year to September 30, 2016, continue to be as set out in the trading update issued to the market earlier this month,” said Odell. “Specifically, Aristocrat Leisure expects net profit after tax and amortization for the second half of fiscal year 2016 to be broadly in line with the first half, maintaining our established trajectory of full year profit growth, assuming stable trading conditions and applying prevailing exchange rates.”