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Aristocrat Leisure Ltd Reports Strong H1 Performance with Revenue Growth and Increased Dividend

Updated:2024-06-18 15:03    Views:106

Australia-listed gaming powerhouse Aristocrat Leisure Ltd unveils its stellar financial results for the first half, with revenue hitting just under AUD3.27 billion, marking a commendable 6.1 percent increase from the previous year.

Amidst a backdrop of economic fluctuations, the company posts an interim profit after tax and before amortization of acquired intangibles (NPATA) of AUD752.1 million, reflecting an impressive 8.6 percent surge from the corresponding period.

Dividends and buy-backs: rewarding shareholders:

Aristocrat declares a dividend of AUD0.36 per ordinary fully-paid share for the six months ending March 31, further solidifying its commitment to shareholders. Additionally, the company announces an AUD350 million increase in its on-market share buy-back program, extending until February of the following year.

Earnings before interest, taxation, depreciation, and amortization (EBITDA) on a normalized basis witness a remarkable 17.6 percent year-on-year increase, soaring to nearly AUD1.20 billion. Aristocrat attributes this growth to robust performance across its gaming segments.

As GGRAsia reports, Chief Executive and Managing Director Trevor Croker lauds the company’s achievements, emphasizing its resilience and ability to thrive in diverse operating environments. He remarks, “This was once again an outstanding result, reflecting Aristocrat’s resilience and ability to grow share and drive profitability through different operating environments.”

JP Morgan acknowledges Aristocrat’s solid performance, surpassing expectations across EBITDA and NPATA. The institution highlights the company’s continued growth trajectory amidst evolving market conditions.

The company published in a press release that Aristocrat’s gaming segment emerges as a powerhouse, recording revenue of nearly AUD1.83 billion for the first half, showcasing an impressive 8.3 percent year-on-year increase. This segment accounts for approximately 56.0 percent of the group’s total revenue during the period.

Revenue in North America witnesses a notable 5.8 percent rise year-on-year, reaching US$950.2 million. The company reports a growth in its installed base, with approximately 3,200 units added during the period. Meanwhile, the Rest of World segment experiences a 6.6 percent revenue increase, with strong performance in Asia driving notable growth.

Strategic review and positive outlook:

Aristocrat announces a strategic review of its casual and mid-core gaming assets, signaling a commitment to maximizing shareholder value and ensuring the sustained success of its businesses. Analysts view this move positively, anticipating potential benefits for the company’s future growth trajectory.

Aristocrat’s online RMG segment, Aristocrat Interactive, demonstrates robust growth, with interim revenue surging by 48.6 percent year-on-year. The acquisition of RMG provider NeoGames SA promises significant revenue opportunities as Aristocrat leverages NeoGames’ technology and platform solutions.

Aristocrat’s CEO, Mr. Croker, expresses optimism regarding the company’s future, highlighting the strategic advantages stemming from the NeoGames acquisition. The synergy between Aristocrat’s gaming content and NeoGames’ technology bodes well for the company’s continued success in the dynamic gaming landscape.



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