Aristocrat Talk Finances, Bushfire Aid And Asian Suspension

After the outbreak of the coronavirus pandemic, Aristocrat has suspended all personnel travel throughout the Asian region, but the company does not expect any significant disruption to the daily operations as a result.

Previously, Trevor Croker, CEO and managing director of Aristocrat, celebrated a record profit posted during the firm’s 2019 fiscal year, speaking at the company’s 2020 annual general meeting.

Strong operational momentum across both its land-based and digital businesses gained attention when its financial report was published in November 2019, with the latter delivering over 40 percent of total group revenue over the year.

Croker said of the travel postponement: “Aristocrat has no direct operations in mainland China, and relatively small exposure to the Asian region generally. However, we have been closely monitoring developments with a focus on our people, customers and supply chain.

“We have temporarily suspended travel in the region, and are supporting our staff in Macau and Hong Kong. We are also proactively monitoring and managing potential supply chain impacts. At this stage we do not foresee any material adverse impacts on our business, but we will keep the market updated as appropriate.”

In its latest financial report, figures showed that Aristocrat’s adjusted operating income was up 22.7 percent from AU$3.5bn (£ 1.8bn) to AU$4.3bn (£ 2.3bn), with full-year profit after tax at AU$752.8 m (£ 397.6 m), a rise of 22 percent from AU$616.9 m (£ 325.8 m).

Reiterating previously expressed guidance for 2020 on expected continued growth throughout the year, Croker also stressed a continued commitment to be part of the process of bushfire recovery within its home country: “I would like to make a brief mention of the terrible ongoing drought and fires that have affected so many in the Australian community over recent months.

“Last November, Aristocrat donated $250,000 to bushfire and drought relief in partnership with Clubs NSW – a key customer group that represents over 1200 local clubs in our largest Australian market. Aristocrat employees also donated funds to Foodbank and the Country Women’s Association, with Aristocrat making a further contribution to both charities in recognition of our people’s generosity.

“Our Australian business has taken a range of steps to support affected staff members, including paid leave to fight fires and the provision of counselling services, as well as providing support to customers. We all recognise that recovery will be a long term process, and our business is committed to continuing to contribute to this effort as part of this community.”