AGT anticipates H2 profit in 2023

Ainsworth Game Technology said that it expects to report a normalised profit before tax, excluding currency impacts and one-off items, of approximately US$18m for the six months ending December 31, 2023.

This would put the normalised profit before tax for the 12 months ending December 31, 2023 at $41.3m.

In a financial statement put out, Harald Neumann, AGT’s CEO commented: “I am pleased with the progress made, in particular the launch and commercialization of the technically advanced and innovative Raptor cabinet.

“We continue to increase our presence in historical horse racing markets through recent property openings in Kentucky and New Hampshire. The benefits of previous investments made in research and development are expected to positively contribute to the company’s financial performance in coming periods.”