Ainsworth boosted by Americas and Asia growth in 2014
Ainsworth Game Technology (AGT) has cited its success in the Americas and Asia as key factors behind a year-on-year jump in profit during the 12 months until June 30, 2015.
The firm, which provides a range of gaming machines and social casino products, said that profit before tax totalled Aus$94.3 million (€61.8 million/US$68.8 million), which represents an increase of 15% on the previous year.
Profit after tax came in at Aus$70.4 million, which is also up 14% on the previous 12-month period.
However, AGT did note a slight drop in revenue, which fell by 1% year-on-year to Aus$240.6 million.
In statement, the company said: “Further expansion and market share gains within the Americas and Asia were achieved during the current period following the previous development initiatives introduced within these geographical markets.
“The key growth market of the Americas increased revenue by 47% in the period through the continued product performance of the A560SLTM in North America and by the strong foundation of its Las Vegas operations.
“The group continues to invest in new product development to assist in further capturing market share and providing revenue growth in both new and established markets.”
Related article: AGT to target social gaming after full-year growth