# Sales in Asia help boost Arabistat's first half revenue to $2.2 billion

Australia-listed slot machine maker and online gaming content provider Arbistat Leisure Ltd reported revenue of just A$3.27 billion ($2.19 billion) in the first half of the fiscal year, up 6.1% year-over-year.


The company said in a report on Thursday that it had a median profit before tax and amortization of acquisition intangible assets (NPATA) of A$752.1 million, up 8.6% from a year ago.

The company announced a dividend of A$0.36 per share of common stock for the six months to March 31, due on July 2. The company also announced an increase of A$350 million in its buyback program of shares on the market, which runs through February next year.

Earnings before interest, taxation, depreciation and amortisation (EBITDA) rose 17.6% year over year to A$1.2 billion on a normalised basis.

Revenue growth during the period was supported by the group's casino technology division, Arabist Gaming, which "was driven by strong performance in the North American gaming business and strong outright sales in most 'other world' markets and encouraging growth in Arabistat Interactive," Arabist said

"This was an outstanding result that reflected the resilience and ability of aristocrats to increase their share and drive profitability through a range of operating environments," Trevor Crocker, the aristocrat's chief executive and managing director, said in prepared remarks accompanying the results.

"The group achieved over half of strong revenue and EBITDA growth. This was supported by a record Arabistat Gaming performance and strong growth in Arabistat Interactive following outstanding North American gaming operations results, and Pixel United achieved improved profitability despite mixed market conditions," he added.

In a note on Thursday, JP Morgan said the aristocracy had "solid" first-half results, "ahead of estimates across EBITDA and NPATA" from the agency.

In the six months to March 31, its gaming division posted revenue of nearly A$1.83 billion, up 8.3% from a year ago, the aristocrat said. That represented about 56.0% of the group's total revenue over the period.

Sales in North America rose 5.8% year-over-year to $950.2 million. During the period, the base installed in the market increased by about 3,200 units, Arabistat said.

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