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Digital Growth Drives Aristocrat’s Profits

iGaming Drives Aristocrat’s H1 Profit Growth RatesLand-based and online gaming specialist Aristocrat Leisure has now posted its H1 results for the period ended March 31, 2018. The firm has credited the strong performance of its digital operations as one of the primary reasons behind its year on year profit growth during the first half of 2018.

The firm’s reported profits before amortisation and after tax of acquired intangibles (NPATA) during the six months to March 31st came to an impressive $307.5 million, growing by 12.7% over the same period of the previous year. Profits after taxation also grew by 2.8% year-on-year to $256.5 million, while the company’s revenues grew 28.5% from $1.23 billion to $1.58 billion.

Aristocrat also revealed its normalised results for the period, excluding the impacts of certain influences such as contingent retention, fair value adjustments of deferred revenues, and expenses from acquisitions and the integration of Big Fish and Plarium.

CEO Comments on Improvements

The company’s normalised NPATA results came to $361.5 million in total, growing by 32.5% over the previous year. On the other hand, Aristocrat’s normalised net profit after tax grew by 24.4% to reach $310.5 million during the 6-month period. Additionally, normalised operating revenues climbed 33.6% to $1.64 billion.

CEO and Managing Director of Aristocrat Trevor Croker noted in a statement that his company has experienced another period of notable growth and strong operational performance. He added that this growth has stemmed from great talent, advanced product technology, and updated front-end execution on his company’s part.

Main Focus on Development and Design

Croker continued to note that the 32% profit increase posted over the six month period has demonstrated the solidity of his firm’s strategies, while also highlighting its expanding ambitions as it expands its market across both land-based and digital gaming sectors.

According to the executive, Aristocrat will continue to strive for growth by upping its investments in development and design. This, he said, will protect and expand its market leading positions, while also strengthening the firm’s position against its biggest competitors.

Furthermore, Croker said, his firm will keep its focus on integrating its new digital businesses, while also speeding up collaborations to make the most of its growing land-based and online capabilities. Aristocrat will also continue to prioritise an innovative, customer-centred culture to support its growth plans for the foreseeable future.

Source links:

http://www.igamingbusiness.com/news/digital-drives-profit-growth-aristocrat-h1

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