gambling

Australian Online Gambling Provider Profits Rise 69 Percent

Australian online casino firm Aristocrat shows 69% profit rise in 2012 YTD

Australian gambling laws - GamingZion

Australian internet casino operator Aristocrat LeisureStrong revealed its fiscal full year results for the nine months in accordance with the change to firm’s financial year end.

The Key Performance Indicators required by Australian gambling laws are:

The 12 month profit is up to $91.7 million, which is well above previous expectations. The figure represents a 69.2 percent growth in net profit after tax (NPAT) compared to the corresponding period last year.

Over the nine month period in 2012, the NPAT was $45.5 million, which is a 128.6 percent increase compared to the same period last year.

The revenue growth was 25.4 percent over the 12 months ending on September 30, 2012, with EBIT growth over 53.5 percent.

Over the nine month period until the end of September in 2012, EBIT growth was 75.7 percent, and revenue growth was 29.7 percent compared to the same period in 2011.

Chief executive officer and managing director of Aristocrat, Jamie Odell, commented on the results in the Australian gambling news: “Aristocrat is prepared to capitalize 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.”

Odell continued: “Recently announced acquisitions position us to compete in the expanding online and social gaming markets.”

Odell added: “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.”

Last week, Aristocrat Leisure also announced the takeover of social gambling firm Product Madness.

Discuss Australian Online Gambling Provider Profits Rise 69 Percent | User Rating