Gaming machine maker Aristocrat Leisure has posted a statutory full-year loss of $16.4 million compared to a $107.2 million profit a year ago due to a writedown in the value of its Japan Pachislot business and the sale of Aristocrat Lotteries.
The company recorded a 10.2 per cent jump in normalised profit after tax to $118.1 million in the 12 months ended September, and revenue was up 6.9 per cent to $870.3 million.
Revenue was dragged down by Aristocrat's underperforming Japanese business. Excluding Japan Pachislot, revenue was up 13 per cent.
The company, which specialises in pokie machines and gaming terminals, was hit by a number of significant items, including a $78 million writedown on the value of its Japanese business and a $43.4 million loss from the sale of its non-core Lotteries business.
In October, it also acquired the United States-based business Video Gaming Technologies.
Aristocrat chief executive Jamie Odell said this acquisition was a "bold step" designed to position the company for the future.
"In addition, the disposal of our non-core Lotteries business and the adjustment in the carrying value of the unique and volatile pachislot business in Japan reduce risk and management distraction going forward," he said.
"Our results reflect a revitalised core product pipeline that is approaching full strength and driving consistent share and value growth in line with our strategy."
In 2015, Mr Odell said its market share would increase, but weak demand in key segments of the business would be a constraint.
