Australian gaming powerhouse, Aristocrat Leisure, experienced a substantial decline in its fiscal outcomes for the year concluding September 30, 2020. Their earnings after taxes but before singular expenditures tumbled by 47% compared to the prior year, reaching AU$476.6 million (roughly US$348.8 million).
Although overall income for the year amounted to AU$4.14 billion, a 6% reduction from the preceding year, their primary profitability indicator (EBITDA) suffered a more pronounced blow, decreasing by 32% to AU$1.09 billion. A bright spot for Aristocrat was the showing of their online gaming sector, which now constitutes a considerable 57% of their total income. Their activities in the Americas persisted as a robust factor, representing 33% of overall revenue.
Notwithstanding the obstacles presented by the worldwide COVID-19 crisis, Aristocrat maintained a positive outlook on its prospects. They underscored their solid financial standing, emphasizing their ample cash holdings, minimal indebtedness, and a resilient financial statement.
Predictably, the pandemic notably affected their land-based gaming activities, especially from March onward. Establishment shutdowns, limitations on visitor numbers, and physical distancing protocols all played a part in the downturn of this segment. Nevertheless, the corporation expressed confidence in its capacity to weather these difficulties and sustain a long-range path of superior, enduring expansion.
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