Australian slot-machine manufacturer Aristocrat Leisure Ltd. has swung to full-year profit thanks to its newly-acquired Video Gaming Technologies (VGT) business.
Aristocrat has recorded a revenue of AUD1.58 billion for the fiscal year ending September 30th, an 89% increase from AUD839 million a year ago. The company has also posted a net profit of 186.43 million for the 12 months, up from a $16.4 million loss.
The company attributed its accomplishment to the successful acquisition and integration of the VGT Class II gaming operations business, sustained improvement of its North American gaming operations across both Class III and Class II segments, outstanding growth in the Australian outright sales market and strong performance in its digital section.
“In Australia, Aristocrat’s total unit sales increased 43.6% compared to the prior period – well over three times the rate of market growth, and the business regained share lost in earlier years of the Group’s turnaround,” said the company in a filing with the Australian Securities Exchange. “Digital revenues and segment profit increased almost three-fold compared to the PCP, in constant currency. This result was again delivered through the sustained growth of the flagship Heart of Vegas application, which launched on iPhone and Android during the reporting period.”