Making news in Australia today, gambling business Aristocrat Leisure Limited (ASX: ALL) released its half-year report for the period to 31 March 2018.
Founded in the 1950’s, Aristocrat Leisure is a business which creates gambling machines and other technology for customers around the world.
This morning, in a public filing to the ASX, Aristocrat revealed a 28% rise in revenue and a profit of $256 million, up 3% over the prior corresponding period. An interim fully franked dividend of 19 cents per share was declared, compared to 14 cents per share last year.
Using normalised profits, Aristocrat said profit was $361 million, up 36% in constant currency or 32% otherwise.
“This result was driven by strong growth in the Group’s Americas and Digital businesses, including the recent acquisitions of Plarium and Big Fish, together with a further lift in performance in the ANZ region,” Aristocrat’s announcement read.
Aristocrat sealed its commitment to online gaming with the $US500 million-plus purchase of Israel’s Plarium in late 2017 and Big Fish for $US990 million earlier this year.
“Aristocrat has delivered another period of strong growth and operational performance, built on outstanding talent, product, technology and improved front end execution,” Aristocrat CEO Trevor Croker said.
“We will also maintain our focus on successfully integrating our new digital businesses, while accelerating collaboration, in order to fully leverage our deepening digital and land-based capabilities.”
Over the full year, Aristocrat expects to report double-digit normalised profit growth.
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