Aristocrat Leasure Ltd reports strong first-half earnings on revenue growth and dividend growth
Australian-listed gaming powerhouse Arabistat Leisure Ltd reported stunning results, with revenue of just A$3.27 billion and a 6.1% year-over-year increase.
Against the backdrop of economic fluctuations, the company posted A$752.1 million of acquisition intangible assets (NPATA) in pre-tax and post-tax median profits, reflecting an impressive 8.6% increase from the period.
Dividends and share buybacks: Compensated shareholders:
The aristocracy further consolidates its commitment to shareholders by declaring a dividend of A$0.36 per share of common stock for the six months to March 31. In addition, the company announces an increase of A$350 million in its in-market share buyback program, extending it through 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. 파워볼사이트
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.