GGRAsia – Ainsworth fiscal 2015 profit likely flat: slot maker

Ainsworth fiscal 2015 profit likely flat: slot maker

Jun 05, 2015 Newsdesk Latest News, Top of the deck, World

Slot-machine maker Ainsworth Game Technology Ltd said on Thursday it expects profits to be flat in the financial year to June 30, as sluggish sales in Australia are largely offset by strong demand for its games in the Americas and Asia.

Ainsworth said it expects this year’s profit to be similar to the AUD61.6 million (US$47.8 million) reported for fiscal 2014, while group revenue is likely to be around 2 percent below the AUD244.1 million achieved a year earlier.

“The trends affecting the company’s domestic results in the first half of the 2015 fiscal year have continued in the second half of the year with unit sales to the corporate market being adversely affected,” Ainsworth said in a statement.

Nonetheless, the company said international sales have been robust, with revenue in the Americas and Asia on track to rise by more than 40 percent in the second half of its financial year compared to a year earlier.

Ainsworth also said it expects investments in new games to help group revenue and profit to increase in the 2016 fiscal year.

“The company is confident the investment undertaken in research and development activities will produce an increased pipeline of new product offerings across all markets,” it added.