• 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

Tech supplier Crane sees profit double in 3Q

Oct 27, 2015 Newsdesk Industry Talk, Latest News  


Tech supplier Crane sees profit double in 3Q

U.S.-based Crane Co reported third quarter net income of US$56.9 million, up by 102.5 percent in comparison with the prior-year period. But the firm’s payment and merchandising technology division – featuring the casino industry among its clients – recorded a year-on-year sales decrease of 6 percent.

The New York Stock Exchange-listed firm posted earnings of US$0.97 per diluted share, compared to US$0.47 per share in the third quarter of 2014, it said in a filing on Monday.

Crane is a supplier of payment and merchandising technology to the gaming industry. The company also provides highly engineered industrial products to customers including companies in the aerospace, electronics, hydrocarbon processing, petrochemical, chemical, power generation, automated merchandising and transportation markets.

Crane’s payment and merchandising technology division recorded sales of US$171 million during the third quarter of 2015, down by US$10 million in year-on-year terms. Operating profit for the segment stood flat at US$25 million.

Adjusted operating margins for the payment and merchandising technology division expanded 90 basis points to 14.8 percent, according to Crane.

The firm also announced a regular quarterly dividend of US$0.33 per share for the fourth quarter of 2015. The dividend is payable on December 9 to shareholders of record as of the close of business on November 30.


  • tweet
Related articles
  • AGEM Index stocks all dip in Feb amid coronavirus concerns
    AGEM Index stocks all dip in Feb amid...

    Mar 10, 2020  

  • Crane 4Q sales flat, quarterly dividend increase announced
    Crane 4Q sales flat, quarterly dividend...

    Jan 30, 2020  

More news
  • Fitch says LVS Nevada sale slight negative, Moody’s keener
    Fitch says LVS Nevada sale slight...

    Mar 05, 2021  

  • Travel ban on casino hub Sihanoukville: reports
    Travel ban on casino hub Sihanoukville:...

    Mar 05, 2021  


Latest News

Fitch says LVS Nevada sale slight negative, Moody’s keener

Fitch says LVS Nevada sale slight negative, Moody’s keener

Mar 05, 2021  

Despite United States-based casino group Las Vegas Sands Corp (LVS) being in line to generate US$6.25 billion from the sale of its Las Vegas, Nevada assets, Fitch Ratings Inc said in a Thursday memo...
Read More
Travel ban on casino hub Sihanoukville: reports

Travel ban on casino hub Sihanoukville: reports

Mar 05, 2021  

Melco says City of Dreams in Cyprus open summer 2022

Melco says City of Dreams in Cyprus open summer 2022

Mar 05, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

“Prolonged closure of operations could derail earnings recovery and weigh on NagaCorp’s credit quality"

Junling Tan, Yu Sheng Tay and Vikas Halan

Analysts at credit rating agency Moody’s Investors Service



Most Popular

  • Lim Kok Thay, GEN Singapore execs in US$1.3mln stock awardLim Kok Thay, GEN Singapore execs in US$1.3mln stock award March 2, 2021
  • Las Vegas Sands to sell off Nevada assets for US$6.25blnLas Vegas Sands to sell off Nevada assets for US$6.25bln March 3, 2021
  • Covid-19 test cert no longer needed for Macau casino entryCovid-19 test cert no longer needed for Macau casino entry March 2, 2021
  • Galaxy Macau to add Raffles-branded hotel towerGalaxy Macau to add Raffles-branded hotel tower March 1, 2021
  • Macau casino GGR down 9pct m-o-m in February: govtMacau casino GGR down 9pct m-o-m in February: govt March 1, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us