Aristocrat hits the jackpot

Wilson Asset Management

Wilson Asset Management

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

Wilson Asset Management has a track record of making a difference for shareholders and the community for more than 20 years. As the investment manager for eight leading LICs – WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB),...

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