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Aristocrat sticks with its full-year forecast

POKER machine maker Ainsworth Game Technology yesterday pipped its cross-town rival, Aristocrat Leisure, with its second profit upgrade this year.

POKER machine maker Ainsworth Game Technology yesterday pipped its cross-town rival, Aristocrat Leisure, with its second profit upgrade this year.

After a 17 per cent share price increase on Wednesday, Ainsworth put out an announcement reporting an unaudited $23.1 million net profit for the year to June 30, compared with a $2.7 million loss for the previous year. Excluding the benefit of tax losses, AGT's net profit was $14.6 million. In May, the company upgraded its earnings forecast to a range of $11 million to

$13 million.

Aristocrat reported that its profit forecast for the year to December 31 remained intact, although this relies on the Australian dollar remaining at parity with its US counterpart for the current half-year.

The company reported a net profit of $24.9 million down from $49.3 million for the previous half-year while revenue dropped to $312.7 million from $340.5 million. The company declared a 2.5? unfranked dividend payable on September 30.


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