Aristocrat hits the jackpot
On Thursday, poker machine maker Aristocrat Leisure (ASX: ALL) announced its full-year net profit after tax and amortisation is expected to increase to $366 million, after guiding to a first-half net profit after tax and amortisation of $183 million. The company said the forecast was well ahead of market expectations and was an increase of about 66% on the previous corresponding period. Shares in Aristocrat closed up 22% for the week. We own Aristocrat shares in the investment portfolio.
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Wilson Asset Management has a track record of making a difference for shareholders and the community for 27 years and is the investment manager for nine LICs and two unlisted funds. Wilson Asset Management invests over $6 billion on behalf of more than 130,000 retail investors. Wilson Asset Management created and is the lead supporter of the Future Generation companies, the first LICs to deliver both investment and social returns.
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