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Aristocrat delights in double-digit revenue increase

Australian land-based and online casino games and solutions supplier has reported a 46.9 percent year-on-year rise in nine-month earnings to $99.6 million.

Thursday 29th November 2012



A day after announcing that it will be entering the social gaming sector following the acquisition of Product Madness Incorporated, Australian land-based and online casino games and solutions supplier Aristocrat Leisure Limited has released its financial results for the first nine months of 2012. Sydney-based Aristocrat recently signed a deal to assume full ownership of the nLive platform from GameAccount Network and revealed that its nine-month revenues had increased by 29.7 percent year-on-year to AUD$586.2 million (US$611.5 million). Aristocrat declared that year-to-date revenues had risen by 25.4 percent when compared with the same period twelve months ago to AUD$843.3 million (US$879.9 million) while nine-month earnings before interest, tax, depreciation and amortisation improved 46.9 percent year-on-year to AUD$95.5 million (US$99.6 million). Year-to-date earnings before interest, tax, depreciation and amortisation swelled by 40.2 percent year-on-year to AUD$177.9 million (US$185.6 million), Aristocrat stated, which was ‘ahead of guidance’ and builds on its ‘record of delivery’ while being ‘in line’ with its ‘turnaround commitments’. Finally, Aristocrat declared that third-quarter operating cashflow was 193 percent better year-on-year at AUD$87.9 million (US$91.7 million) while the year-to-date figure was up by 306.4 percent when compared with the same period twelve months ago to AUD$165.4 million (US$172.6 million). “We’ve created positive momentum by taking share from our competitors and growing sustainable value in difficult conditions in key markets around the world,” said Jamie Odell, Chief Executive Officer for Aristocrat. “Our game content, hardware and systems products are continuously improving as is our focus on targeting the most profitable markets and segments. “Aristocrat is prepared to capitalise on new high growth distribution channels and our strengthened balance sheet gives us the ability to consider investing strategically and providing enhanced returns to shareholders. “Recently announced acquisitions position us to compete in the expanding online and social gaming markets. These strategic steps, coupled with our investment in outstanding creative and technical talent, will deliver real value for the business over the medium-term as the industry evolves. “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. “Over the coming year, Aristocrat expects to continue to deliver growth across our global portfolio, fundamentally driven once again by higher game and product quality and exceptional operational performance.”




Source: OnlineCasinoNews

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