Aristocrat Leisure Raises Dividend After FY Profit Jumps 53% -- Update - News Summed Up

Aristocrat Leisure Raises Dividend After FY Profit Jumps 53% -- Update


By Stuart CondieSYDNEY--Australian gaming company Aristocrat Leisure lifted its annual profit 53% and raised its final dividend following a strong performance in its slot-machine business. Revenue rose 13% to A$6.30 billion. Stripping out one-off items, normalized net profit rose 21% to A$1.33 billion. The average analyst forecast had been for a normalized net profit of A$1.29 billion from revenue of A$6.22 billion, according to data compiled by FactSet. Aristocrat said it expect continued strong market share, revenue growth and profit growth from its gaming unit, although it warned of possible moderation in consumer spending in its key markets.


Source: Wall Street Journal November 15, 2023 08:30 UTC



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