• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Ainsworth profit slips 38 pct in fiscal first half

Feb 21, 2017 Newsdesk Latest News, Top of the deck, World  


Ainsworth profit slips 38 pct in fiscal first half

Australia-based slot machine supplier Ainsworth Game Technology Ltd on Tuesday reported net profit after tax of AUD20.6 million (US$15.8 million) from operations in the first half of its financial year 2017. That was down 37.8 percent compared to AUD33.1 million in the prior-year period, the company said in a filing to the Australian Securities Exchange.

Earnings per share were down 40 percent year-on-year on a fully diluted basis, at AUD0.06.

The company reported total revenue of AUD122.7 million for the six months to December 31, down 14 percent from a year earlier. International markets accounted for 67 percent of the aggregate revenue for the period, noted Ainsworth Game.

Earnings before interest, taxation, depreciation and amortisation (EBITDA) were AUD31.9 million, a decline of nearly 41 percent in year-on-year terms. Total operating costs rose by 18 percent year-on-year to AUD58.4 million, due in particular to a 33-percent increase in research and development expenses, said the firm.

The firm said in a presentation document for investors accompanying the financial half year results that it experienced a “temporary decrease” in revenue from the international markets due to “timing delay in approval of cabinets and game software”. Ainsworth Game additionally said that it continues to face a “challenging period for domestic operations”.

The company said it had suspended the payment of an interim dividend in order to “fund growth investments in sales, marketing and research and development”.

That effort, combined with the “synergies” from its tie-up with Austrian gaming equipment maker Novomatic AG, are likely to contribute to a better profit performance for Ainsworth Game in the second half of financial year 2017, the firm noted on Tuesday.

Excluding foreign exchange rate movements, Ainsworth Game said it expected full-year profit “to be at least AUD56 million”.

Ainsworth Game said it expected to deliver on the synergies with Novomatic “beginning in the second half of financial year 2017”. The Australian firm said in a filing in June last year that its shareholders had approved the sale of 52.2 percent of company founder Len Ainsworth’s shares to Novomatic.

In Tuesday’s filing, Ainsworth Game said the regulatory approval process is still ongoing, with the deal expected to be completed “in September 2017 quarter”.


  • tweet
Related articles
  • Ainsworth 2H revenue rises to US$83mln, Asia only 0.5pct
    Ainsworth 2H revenue rises to US$83mln,...

    Feb 27, 2023  

  • Novomatic updates Black Edition cabinet range
    Novomatic updates Black Edition cabinet...

    Feb 15, 2023  

More news
  • Macau March GGR up 247pct y-o-y, to US$1.6bln: govt
    Macau March GGR up 247pct y-o-y, to...

    Apr 01, 2023  

  • Some Macau hotels say no rooms vacant 3 days of Easter
    Some Macau hotels say no rooms vacant 3...

    Mar 31, 2023  


Latest News

Macau March GGR up 247pct y-o-y, to US$1.6bln: govt

Macau March GGR up 247pct y-o-y, to US$1.6bln: govt

Apr 01, 2023  

Macau’s casino gross gaming revenue (GGR) was up 246.9 percent year-on-year in March, to just under MOP12.74 billion (US$1.58 billion). The March tally was up 23.4 percent month-on-month,...
Read More
Some Macau hotels say no rooms vacant 3 days of Easter

Some Macau hotels say no rooms vacant 3 days of Easter

Mar 31, 2023  

Macau 2023 GGR at 45pct of pre-Covid level: Moody’s

Macau 2023 GGR at 45pct of pre-Covid level: Moody’s

Mar 31, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Efforts have pivoted to the construction of the hotel tower, with plans to launch a soft opening before the end of 2024 and a grand opening in 2025”

Casino investor LET Group

On the development of a casino hotel in Manila, the Philippine capital



Most Popular

  • Some Macau hotels say no rooms vacant 3 days of EasterSome Macau hotels say no rooms vacant 3 days of Easter March 31, 2023
  • Japan govt delays IR decision due to local elections: reportJapan govt delays IR decision due to local elections: report March 30, 2023
  • Sands China ups ties to China showbiz giant Star CMSands China ups ties to China showbiz giant Star CM March 29, 2023
  • Macau 2023 GGR at 45pct of pre-Covid level: Moody’sMacau 2023 GGR at 45pct of pre-Covid level: Moody’s March 31, 2023
  • Macau got 16k mainland package tourists in Feb reopeningMacau got 16k mainland package tourists in Feb reopening March 29, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us