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Aristocrat report a sharp growth in revenues from their online products

Australian-based slots developer Aristocrat released its 2014 full year financial results this week and the figures show staggering growth for the firm.

The most positive results for Aristocrat came in their online products with the online revenues for the year 2014 ending on 30th September increasing to $47.5 million, equal to £30.2 million or €38.1 million, showing continued growth. In recent year Aristocrat have released several of thier top performing slots online such as the incredibly popular Buffalo slot and the Mexican-themed More Chilli.

Net profit after tax for Aristocrat rose by 10.2% to $118.1 million with the earnings per share seeing a rise of 6.7% to a price of 20.7 cents. These figures have helped to contribute to the company experiencing an overall revenues increase of 7% to $870.3 million.

On top of the encouraging growth seen in the financial results for the 2014 period, Aristocrat also witnessed market gains in the North American and Australian markets. Its movement in the land-based North American market was particularly evident with the number of slot machines installed across the territory increasing by 20% to 9,071 machines.

However, there was one negative from the financial results that came in the form of the loss made in the Japanese market. The pachinko slot industry suffered a hit that saw Aristocrat decrease the number of units shipped out to Japan by 6.2%.

Aristocrat CEO and Managing Director Jamie Ordell said “With the benefit of our strengthening operational performance, Aristocrat took a number of important decisions to position us for the future and maximise resources behind our growing, core business.”

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