Aristocrat Leisure Lifts Dividend With Jump in Profit
November 19 2019 - 5:57PM
Dow Jones News
By Robb M. Stewart
MELBOURNE, Australia--Slot and gambling machine maker Aristocrat
Leisure Ltd. (ALL.AU) hiked its final dividend after logging a jump
in net profit that was driven by sales growth in operations in the
Americas and its digital business.
Net profit rose 29% to 698.8 million Australian dollars
(US$475.9 million) in the 12 months through September from A$542.6
million the year before, on the back of a 25% lift in revenue to
A$4.4 billion from A$3.51 billion, the Australian company said
Wednesday.
Aristocrat, which operates in about 80 countries but generates
the bulk of its sales in the Americas, said it would pay a dividend
of A$0.34 a share for the second half for a full-year payout of
A$0.56, up 22% on last year.
The Americas, Australia and New Zealand and digital businesses
each logged growth over the year thanks to increased investment in
product portfolios, Aristocrat said, adding its performance was
supported by currency and tax benefits.
The company, which launched in 1953 and began expanding beyond
Australia in the 1960s, in October unveiled a new slot game based
on the romantic comedy "Crazy Rich Asians" and before that a new
game for one of its gaming cabinets based on a license for "Star
Trek: the Next Generation."
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
November 19, 2019 17:42 ET (22:42 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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