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.
ALL Price at posting:
$5.50 Sentiment: LT Buy Disclosure: Held
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