The Australian gaming machine manufacturer, Aristocrat Leisure Limited, announced impressive results for the first half of the year, with earnings soaring due to a thriving US market and the relaxation of COVID-19 limitations.
In the six-month period concluding March 31, 2021, the firm recorded a net profit after tax of AU$346 million (US$270 million), a substantial increase compared to the prior year. This achievement was driven by a confluence of elements, including what the company termed “robust product delivery and client interaction.” In essence, their gaming machines are proving popular, especially in the rebounding US market.
Chief Executive Officer and Managing Director Trevor Croker ascribed the company’s accomplishments to strategic choices made throughout the pandemic, notably sustained investment in their employees and a concentration on new ideas. This strategy appears to have yielded positive outcomes, as Aristocrat not only broadened its presence in established gaming sectors but also witnessed remarkable expansion in the online gaming realm. Indeed, they have now attained a position among the leading five game developers in the Western hemisphere.
Notwithstanding the optimistic outlook, Croker acknowledged the continued ambiguity surrounding the pandemic’s influence on the global financial landscape. The company will issue a more comprehensive account of its half-year financial performance on May 24, 2021.
We are closely monitoring factors such as customer sentiment, visitor numbers in gambling establishments, and challenges stemming from interest rate decisions.”
admin