GPI revenue down slightly in 15Q3

Casino equipment manufacturer Gaming Partners International’s revenue for the three months ended September 30 was $19.9 million, a decrease of $0.4 million, or 2 percent, compared to revenues of $20.3 million for the same period in 2014.  

The decrease was primarily due to a decrease in casino currency revenue largely offset by an increase in consumable products.

For first the nine months of the year, revenues were $54.7 million, an increase of $13.7 million, or 33.4 percent compared to revenues of $41.0 million for the same period in 2014. 

“The increase in revenues was primarily attributable to the additional business generated by the GemGroup Acquisition,”the company said.

Gross profit for the quarter was $6.5 million, down 5.2 percent compared to gross profit of $6.8 millionin 14Q3. 

“As a percentage of revenues, our gross profit decreased to 32.5 percent from 33.6 percent,” the company said.

 

 

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