ALL 2.19% $32.21 aristocrat leisure limited

downgrades profit forecast

  1. 54,381 Posts.
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    As expected:

    ydney - Tuesday - October 28: (RWE Australian Business News) -
    Aristocrat Leisure Ltd (ASX:ALL) today announced that based on results
    to date and the current trading outlook, the company was expecting to
    report a pre-abnormal profit after tax of $120m to $150m (26c to 33c per
    share) for the year ending December 31.
    The company said that since the release of guidance in July
    (when it forecast a profit after tax of $190m to $200m or 41c to 44c per
    share), global operating conditions had deteriorated markedly with many
    operators deferring spend.
    There has been a slower-than-anticipated uptake of the
    Generation 7 platform and games, exacerbated by delays in releasing new
    product to market, offset to some extent by the recent depreciation of
    the Australian dollar.
    The final result remains subject to a large number of variables,
    primarily driven by volatile economic conditions.
    In addition, Aristocrat expects to record a net one-off
    (abnormal) loss after tax of about $22m (5c per share) representing
    Class Action settlement costs, offset by profits on property sales.
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