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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