Ainsworth reports 41% increase in revenues

All of this saw the Sydney-based gaming machine and software designer, developer and manufacturer announce earnings before interest and tax of us$ 29.4 million, which represents a 32 % improvement year-on-year. Net profit after tax fell by 46 % when compared with the same period in 2011 to us$ 22.5 million due to us$ 8.4 million tax expense in the current period.

“I am pleased with the progress to date and expect continued revenue growth within North America in the second half of the 2013 financial year,” said Danny Gladstone, CEO for Ainsworth Game Technology. “We continue to pursue opportunities to establish gaming operations in the Americas with products under participation or of a recurring revenue nature. At December 31, 2012, 1,096 machines were on participation, rental and lease with an additional 387 machines under trial subject to conversion to potential sale and/or lease in the second half of fiscal year 2013.

“The company is now established and globally recognised as a leading provider of high performing gaming products and has secured a solid financial position. Further revenue growth is expected within the Americas in the second half of fiscal year 2013 as new products receive regulatory approvals for installation while we continue to maintain our strong position in all established domestic markets.”