Sunday, August 14, 2022

Ainsworth expects flat annual profit for 2015 financial year

Gaming machine supplier Ainsworth Game Technology announced that it expects a flat annual profit for the 2015 financial year.

The company says its full year net profit after tax, to be announced on August 18, is likely to be inline with the fiscal 2014 figure of $61.6 million.

Total revenue for fiscal 2015 is expected to fall two percent from $244.1 million reported in 2014, with lower domestic revenues in the second half of the fiscal year being largely offset by growth in international markets.

“This reduction is driven by lower domestic revenues for the second half compared to the first half of FY15 which have been largely offset by continued growth achieved within international markets,” the company said.

Ainsworth said in February that domestic revenue in the first six months of the year had fallen 34 percent due to the transition to and progression of hardware and software approvals.

This trend impacting the company's domestic results during this period had carried over into the second half of the year, with unit sales to the corporate market being adversely affected, the company said. 

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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