Entertainment

    Aristocrat Leisure achieves 17% net profit growth to $1.6B in FY24

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    Aristocrat Leisure (ASX:ALL) reports its results for the fiscal year ended Sept. 30, showcasing a 17% rise in normalised net profit after tax and amortisation to $1.6 billion and a 20% EPS growth.

    The company reported a 5% increase in revenue reaching $6.6 billion.

    Segment profit for Aristocrat Gaming grew 12% to $3.1 billion, showcasing strong margin expansions and operational leverage across all business areas.

    The company's CEO and Managing Director, Trevor Croker, attributed the success to Aristocrat's diversified portfolio and strategic focus.

    "This was an outstanding result, reflecting Aristocrat’s ability to grow through mixed operating environments and control a range of levers to deliver EPS growth of 20%," said Croker.

    Aristocrat's revenue increased by 5% to $6.6 billion, driven by notable performance in North America's gaming operations with approximately 7,100 net units added to the installed base.

    Moreover, Aristocrat Interactive witnessed substantial revenue growth through organic expansions and the inclusion of NeoGames developments.

    Pixel United, a major segment of Aristocrat, continued its strong performance in the Social Slots genre, focusing on user acquisition optimisation and operational efficiencies, which contributed to an improvement in margins.

    The company's strategic initiatives continue to be strengthened by its capital management, with $1.3 billion returned to shareholders through dividends and share buy-backs.

    Looking ahead, Aristocrat projects continued growth in NPATA for FY25, driven by investments in innovation and strategic collaborations aimed at expanding market share.

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