Aristocrat Leisure

Aristocrat Leisure’s full-year result is slightly confused by its change of year-end to 30 September. And it only tells us so much, because we’re now more than half-way through the crucial December quarter, which generated around two-thirds of annual profit in 2010 and 2011. Nevertheless, it was good to see the net profit for the year to September rising 69% to $91.7m, ahead of the company’s $85-90m guidance range. Earnings per share rose a similar amount to 16.7 cents. The company announced a final unfranked dividend of 2 cents (ex date 3 Dec), noting that the total payout ratio...

Aristocrat Leisure’s full-year result is slightly confused by its change of year-end to 30 September. And it only tells us so much, because we’re now more than half-way through the crucial December quarter, which generated around two-thirds of annual profit in 2010 and 2011.

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