Ainsworth reaffirms $20m 2HFY18 guidance

Company News

by Anna Napoli

Ainsworth Game technology (ASX:AGI) has reaffirmed a profit guidance of $20 million dollars for the second half of 2018 financial year.

The poker machine company is expecting a full year profit of around $36 million.

Earlier this year the company signed a long-term agreement with Churchill Downs to supply at least 600 machines for its new racing facility, Derby city Gaming in Louisville

Ainsworth says the guidance assumes the Churchill Downs order is completed this financial year.

The order has been delivered and will be recognised in the financial year 2018 results.

Shares in Ainsworth Gaming (ASX: AGI) are trading 4.95 per cent higher to $1.06

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.