Ainsworth’s profits down 53 per cent

Company News

by Anna Napoli

Poker machine company Ainsworth Game Technology (ASX:AGI) has reported its net profit after tax (NPAT) fell about 53 per cent to $9.7 million for the half year to December 2017.

Total revenue for the half year was also down, falling 2 per cent on the same time last year to $120 million.

Its earnings before interest and tax (EBITDA) decreased by 23 per, to $25 million dollars.

The company declared a fully franked dividend of 1.5 cents per share to be paid on the 8th of May 2018.

Ainsworth says the fall in net profit is due to a $8.6 million dollar adjustment in the prior period attributable the reversal of previously recognized deferred taxes.

Shares in Ainsworth Gaming Technology (ASX:AGI) closed about 1.39 per cent higher yesterday to $2.19.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.