Aristocrat reported 88 percent growth

Aristocrat reported 88 percent growth

The Australian machine maker jumped 88 percent year-on-year.

Australia.- Aristocrat announced during a filling to the Australian Securities Exchange that it’s net profit after tax (NPAT) jumped 88 percent year-on-year finishing on September 30, from US$262 million to the US$138 million registered in 2015.

Aristocrat’s group revenue also grew almost 35 percent to US$1.5 billion, whilst earnings before interest, taxation, depreciation and amortisation (EBITDA) expanded by 54 percent to US$600 million. The company said in a statement that they improved leverage ratio, strength in cash flows and sustained earnings performance.

Aristocrat’s chief executive and managing director Jamie Odell, said: “Aristocrat delivered record performance over the 12 months to 30 September 2016, further extending our trajectory of consistent and high quality net profit after tax and amortization (NPATA) growth and cash generation.”

“Fiscal 2016 results had been supported by improvement in casino slot machine, including significant lift in revenue and profit driven by Macau openings and churn, together with growth in Europe,” he added.