Aristocrat Profiting from Pokies

Aristocrat
Aristocrat profiting from pokies

Aristocrat is renowned in New Zealand and Australia for its pokies, it is well known across the globe too because of the quality it brings to the casino gaming business. With this in mind many are not surprised that Aristocrat is bucking the economic trend and showing great financial results for the financial year.

Net Profit of $45.5 million in 2012

Net Profit of $45.5 million in 2012
Net Profit of $45.5 million in 2012

If you look at January to September 2012, Aristocrat saw a net profit of $45.5 million, that’s true profit after everything else. This figure sounds huge and when you compare it to results from the same period last year you understand how big it actually is. The $45.5 million is $19.9m up on the same time period for 2011, showing just how much Aristocrat has moved forward as a business in the past twelve months.

Australia and New Zealand accounted for a lot of the company’s revenues, but North America is actually the place where the main revenue for pokies came from in 2012. Financial results show that profit from the North America arm of the business is up 18% at the same time as last year.

Improvement in profit

Improvement in profit
Improvement in profit

The results are of no surprise to Aristocrat who feels that there will be further improvements in profit in the coming months. The reason for this huge change in profit is down to two reasons. The first is that the company has been working hard delivering many new pokies. The second is that the company has been improving its own model to make money go further.

At the time Jamie Odell, the Chief executive of Aristocrat has said of the financial results: “Major new game releases across all key markets, continued cost discipline and the benefit of efficiency and culture measures are expected to drive a further lift in operational performance over the current financial year, despite sustained headwinds,”

Net profit climbed to 49 per cent

Net profit climbed to 49 per cent
Net profit climbed to 49 per cent

This year in May 2017 Poker machine maker Aristocrat Leisure notched up a 57 per cent jump in half-year profit. It is driven by growth across the Americas and in its digital products. Net profit rose to $249.6 million in the six months through March from $159.1m a year earlier.

On the company’s preferred measure that strips out one-time items and before amortization of acquired intangibles; first-half earnings climbed 49 per cent to $272.9m. Management said it continued to expect earnings growth for the full year of between 20 per cent and 30 per cent.

Operating revenue for the six months was 22 per cent higher at $1.23 billion, compared with $1.01bn a year earlier.

Aristocrat; which supplies pokies and poker machines in 90 countries; said strong growth in its Americas business drove earnings in the first half. As it expanded the footprint of its premium gambling operations and average fee per day.

Successful game – Heart of Vegas and Cashman Casino

Successful game - Heart of Vegas and Cashman Casino
Successful game – Heart of Vegas and Cashman Casino

In Australia and New Zealand, Aristocrat said it maintained its position in the market. Also in the digital world, it delivered strong growth due to the continued success of games. Like “Heart of Vegas” and the launch of “Cashman Casino.”

The company, which produced its first machine in a small Sydney factory in 1953; said it would pay an interim dividend of $0.14 a share, a 40 per cent increase on last year.

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