Slot machine maker posts higher profit
Tuesday, Feb. 20, 2001 | 11:10 a.m.
THE ASSOCIATED PRESS
SYDNEY, Australia -- Gambling machine maker Aristocrat Leisure today reported a 10.3 percent jump in net profit to A$64.9 million for 2000, as its push into international markets offset declining revenue in the mature Australian market.
Australian sales fell 9 percent to A$372.4 million while international sales rose 40 percent to A$161.1 million.
Aristocrat, which is newly licensed in Nevada, has opened a Las Vegas operation and is testing machines in the U.S. gambling capital.
The slot maker's profit met analysts' expectations.
On the Australian Stock Exchange, Aristocrat shares surged 55 cents, or 10.2 percent, to A$5.95.
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