Ainsworth Game Technology profits down by all indicators

Sydney-based gaming machine and software designer, developer and manufacturer Ainsworth Game Technology Limited has released its financial results for the financial year ending 30th June 2018.

In its full financial report for the year, the company reported the company’s profit before tax fell by 10% to A$42.3 million, while after-tax profit decreased by 16% to A$31.9 million. The Australian developer also reported a 6% decrease in revenue from operating activities year on year to A$265.5 million for the fiscal year. Earnings before interest, tax, depreciation and amortisation (EBITDA) decreased by 20% from A$67.5m.

“The decline was mainly due to a decrease in sales as a result of minimal business activity with large corporate customers, constant pressure from competitors, delays in regulating the approval of products and further product development changes that delayed the approval and launch of previously planned key games until the first half of 2019 year”, – said in a press release of Ainsworth.

 

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