Aristocrat lifts profit 17%

Aristocrat Leisure has lifted its full year profit nearly 17 per cent thanks in part to strong growth from its North American business.

A man plays a pokie machine at a club in Melbourne

Gaming machine maker Aristocrat Leisure has lifted its full year profit nearly 17 per cent. (AAP)

Gaming machine maker Aristocrat Leisure has lifted its full year profit almost 17 per cent despite a slide in revenue.

The company made a net profit of $107 million for the 12 months to September 30, up from $91.7 million for the same period last year.

Aristocrat said strong growth from its North American business and an increase in selling price contributed to the result.

Revenue fell 3.4 per cent to $808.7 million, due to fewer scheduled games releases in Japan.

Chief Executive Officer Jamie Odell said the company expected to grow its profitability further over the next 12 months.

"While conditions will remain competitive across major markets, we expect continued strong NPAT (net profit after tax) growth over the 2014 full year, driven by improvement in operational performance across our key markets," he said.


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Source: AAP


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