Strong North America sales lifted Aristocrat Leisure to an 11% increase in first-half profit.
The Australian slot giant recorded a net profit after tax of A$52.6 million for the six months to March, up from $47.3 million in the prior period, even though revenue declined 8% to $383 million, mainly on weak performance in Japan, one of its largest markets outside Australia and the US, where pre-tax earnings fell 9%.
North America, however, was up across all major segments, and revenue surged 12% to US$190 million.
“Fundamentals are continuing to improve,” said CEO Jamie Odell.
The company said it expects similar results in second half and plans to return more money to shareholders by raising its target payout ratio from 60% of net income to 80%.
An interim dividend of 7 cents a share will be paid on 28th June, up from 4 cents previously.
“We are fully focused on driving sustainable value and returns beyond our turnaround window,” Mr Odell said.
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