• 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
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Ainsworth reports 32pct year profit dip, better 2H

Aug 29, 2017 Newsdesk Latest News, Top of the deck, World  


Ainsworth reports 32pct year profit dip, better 2H

Fiscal-year profit at Australian slot machine maker Ainsworth Game Technology Ltd fell 32 percent year-on-year to AUD37.9 million (US$30.1 million), on operating revenue that declined 1 percent for the period, to nearly AUD282.1 million.

Pre-tax profit was down 38 percent, to just under AUD47.0 million. No dividend was recommended for the reporting period, ending June 30. In the prior year, the firm issued AUD0.10 in dividend per share, fully franked.

The firm said a weak first-half performance had been followed by significant improvement in the second half, where pre-tax profit exceeded guidance to the market, at AUD42.2 million, up 178 percent on the AUD15.2 million reported in the first six months of the financial year.

“Our impressive second half performance begins to reflect the competitiveness of our broader product offering, our investments in technology, sales and marketing, and the strength of our international footprint,” said Ainsworth’s chief executive Danny Gladstone, in a prepared statement.

In its ‘rest of the world’ sales segment, Ainsworth Game said “increased sales contribution from Asia and Europe” as a result of its tie-up with Austria’s Novomatic AG – likely to be formalised later this year – had resulted in unit volume rising by 74 percent year-on-year, to 1,807. Ainsworth Game said Novomatic contributed sales of AUD11.4-million and segment profit of AUD5.5-million in financial year 2017.

Segment revenue for ‘rest of the world’ was AUD28.1 million, an increase of 54 percent compared to the previous year. Segmental profit was 50 percent higher, stated Ainsworth Game.

Modest growth in international markets was “offset by a weaker domestic performance,” said the firm.

“Given the importance of being able to self-fund our growth targets, and the temporary build-up of working capital the board has prudently determined to suspend the financial-year 2017 final dividend,” Ainsworth Game stated.

“The board maintains its commitment and policy to distribute profits to shareholders and will review recommencement of dividend payments in financial-year 2018 subject to investment and growth objectives,” it added.


  • tweet
Related articles
  • Novomatic’s 2020 EBITDA halved, posts yearly loss
    Novomatic’s 2020 EBITDA halved, posts...

    Apr 15, 2021  

  • 2021 board named for International Gaming Standards Assn
    2021 board named for International...

    Mar 02, 2021  

More news
  • Macau govt, analysts tip May Day bounty at casino resorts
    Macau govt, analysts tip May Day bounty...

    Apr 20, 2021  

  • Paradise Ent says deployment of own slots hit by pandemic
    Paradise Ent says deployment of own...

    Apr 20, 2021  


Latest News

Macau govt, analysts tip May Day bounty at casino resorts

Macau govt, analysts tip May Day bounty at casino resorts

Apr 20, 2021  

The average nightly occupancy rate for Macau hotels – including properties in casino resorts – could reach “70 percent to 80 percent” during the upcoming Labour Day break in May,...
Read More
Paradise Ent says deployment of own slots hit by pandemic

Paradise Ent says deployment of own slots hit by pandemic

Apr 20, 2021  

Belle Corp 2020 gaming revenue from CoD Manila dips 79pct

Belle Corp 2020 gaming revenue from CoD Manila dips 79pct

Apr 20, 2021  

Japan casino draft rules strict, but evolving: experts

Japan casino draft rules strict, but evolving: experts

Apr 20, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$4.3 billion

Budget for Genting Bhd's Resorts World Las Vegas, to open June 24



Most Popular

  • Macau gaming demand recovering comfortably: analystsMacau gaming demand recovering comfortably: analysts April 20, 2021
  • Talks on NagaWorld lay-offs amid pandemic: sourceTalks on NagaWorld lay-offs amid pandemic: source April 19, 2021
  • NUSTAR complex in Cebu slated to open 2022: UHRINUSTAR complex in Cebu slated to open 2022: UHRI April 16, 2021
  • Macau VIP GGR up 20pct sequentially in 1Q: govtMacau VIP GGR up 20pct sequentially in 1Q: govt April 16, 2021
  • Oaktree offers US$$2.3bln for Crown to buy out PackerOaktree offers US$$2.3bln for Crown to buy out Packer April 19, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us