Aristocrat Logs 53 Percent Growth

Aristocrat Leisure Limited reported half-year net income of AUD$249.6 million, which is a 53 percent jump over the first six months of the prior fiscal year.

Australian slot manufacturing giant Aristocrat Leisure Limited released a half-year financial report showing net profits for the six months ending March 31 totaled AUD9.6 million (US7.4 million), representing a 53 percent increase over the same period in 2015-16.

Trevor Croker, who took over in March as CEO of Aristocrat, credited the company’s R&D staff for the results. “The key part is having the best game design talent,” Croker told the Australian Financial Review.

Shares of Aristocrat soared after the report, closing at $15.70 the day of the announcement, a 4 percent rise.