Ainsworth profit drops but revenue improves

Ainsworth Game Technology has reported AU$4.1m (US$2.6m) in net profit attributable to shareholders in the first half of this year, an almost 30 per cent drop from the same period last year.

According to the company’s latest financial report, group revenue still improved by 16 per cent during the reported period to AU$143.6m, with the increase mainly attributed to better product performance in the North America and Latin America markets

Ainsworth also included some AU$4.4m ($2.8m) in foreign exchange losses related to the devaluation of Argentinian pesos against USD after a AU$13m ($8.4m) investment in Argentina.

The Asia Pacific market contributed AU$21m ($13.5m) to the group’s revenue, a 3.7 per cent year-on-year drop, while its North America and Latin America and Europe segments improved 8.8 per cent and 12.4 per cent, respectively, to AU$68.5m ($44.3m) and AU$45.5m ($29.4m).

Source: Asia Gaming Brief