Aristocrat Leisure Raises Dividend After Fiscal Year Profit Jumps 53%
By Stuart Condie
SYDNEY--Australian gaming company Aristocrat Leisure lifted its annual profit 53% and raised its final dividend following a strong performance in its slot-machine business.
The ASX-listed company on Wednesday reported a net profit for the 12 months through September of 1.45 billion Australian dollars (US$924.8 million), compared with A$948.5 million a year earlier. 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 raised its final dividend to A$0.34, from A$0.26 last year.
Write to Stuart Condie at stuart.condie@wsj.com
(END) Dow Jones Newswires
November 14, 2023 16:50 ET (21:50 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
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