The Newswire

Your daily serving of financial goodness

Aristocrat Leisure Lifts Profit by 66.4% for 1H16

Aristocrat Leisure Lifts Profit by 66.4% for 1H16
Aristocrat’s revenue from recurring sources increased to 50% as at 31 March 2016. Normalised cash flow expanded 116% to $285 million, attributed to strong operational performance and continued focus on cash management during the period.
May 27, 2016 By Kaivalya Kandarpa Tags: ALL

Aristocrat Leisure Limited (ASX:ALL) announced strong results for the six months ended 31 March 2016, as the company expanded its net profit by 66.4%.

Normalised Net Profit after Tax and before Amortisation of acquired intangibles (NPATA) was $183 million, representing a 66.4% rise in reported terms and 54% growth in constant currency terms.

The company attributed the improved performance to higher selling prices, rise in overall average fee per day across its essential segments in North America and Australia, coupled with continued earnings growth and record Daily Active Users in the Digital social gaming segment.

Total segment revenue rose 47% in reported terms while Aristocrat reported EBITDA growth of 53%.

Aristocrat’s Chief Executive Officer and Managing Director, Mr. Jamie Odell commented on the results: “Aristocrat delivered outstanding results over the first half of fiscal 2016, representing our tenth consecutive period of earnings growth. This fact underlines the sustainability of our performance and the quality of the strategy upon which it is based.”

Aristocrat’s revenue from recurring sources increased to 50% as at 31 March 2016. Normalised cash flow expanded 116% to $285 million, attributed to strong operational performance and continued focus on cash management during the period.

The company’s leverage ratio improved to 1.9 times, from 2.9 times at 31 March 2015, due to earnings growth and free cash flow generation during the period.

Mr. Odell further remarked on the guidance for FY16: “Our expectations for the full year to 30 September 2016 continue to be set out in the trading update issued to the market earlier this month. Specifically, NPATA for the second half of fiscal year 2016 to be broadly in line with the first half, maintaining our established trajectory of full year profit growth, assuming stable trading conditions and applying prevailing exchange rates.”

Share this article

Kaivalya Kandarpa Author: Kaivalya Kandarpa May 27, 2016

Kaivalya is an equity analyst and a client advisor at Wise-owl. She specialises in fundamental and technical analysis for large and mid-cap companies. Having completed her bachelor's degree in Business Administration majoring in Finance, Kaivalya has a comprehensive understanding of international stock market movements. She tracks local and overseas markets and compiles analytical reports for various industries.

Macarthur Minerals a Cliffhanger for Speculative Investors?

Iron ore and lithium exploration company Macarthur Minerals seeks to list on the ASX with the ticker code MMM.

Author: Simon Herrmann May 23, 2017

Errors

Sign Up for Free Trial
Subscribe
Recent Tweets
Recent News