Australian slot manufacturer Aristocrat posted a rise in its half-year earnings, due mainly to ongoing expansion of its Americas and digital businesses.
Net profit after tax rose 2.8 percent year-on-year to A$256 million (about US$194 million) in the six months ending March 31, 2018, while total revenue increased 28.5 percent to A$1.6 billion (about US$1.2 billion).
Aristocrat said the strong growth in revenue was driven by its Americas and digital businesses, including recent acquisitions of Plarium and Big Fish, together with a further lift in performance in the Australia and New Zealand region.
“The completion of two significant digital acquisitions… have transformed the group’s digital scale and delivered the capabilities required to compete and grow in digital markets,” said the company in a statement.
Looking forward, Aristocrat said it expects double digit Net Profit After Tax and Amortization growth to continue over the twelve months to September 30, 2018, compared to 2017.
In the land-based segment, the company said it expects to successfully defend market-leading share positions across North America, the Australia and New Zealand region, and International Class III gaming segments. It also anticipates land-based operators to increase investment in content and technology which will expand its total install base.
The company says it will continue to focus on the integration of acquisitions moving forward, and expects further growth in its social casino and social game business.
“Aristocrat will continue to push for growth by increasing our strategic investment in design and development in order to protect and extend market leading positions, whilst attacking attractive adjacencies,” said Aristocrat CEO Trevor Croker in a statement.
“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,” he added. (AGB)