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Ainsworth Full Year Results
Wednesday August 27,2014 : AINSWORTH TURNS IN STRONG FULL YEAR RESULTS
Advances in online and social sectors
Australian gaming firm Ainsworth Game Technology Ltd delivered strong full year results to June 30, 2014, reporting an 18 percent increase in profit after tax to A$61.6 million.
The Group achieved its fifth consecutive year of double digit revenue growth with sales revenue amounting to A$244.1 million, a 23 percent increase over 2013.
Other key performance indicators include:
- Domestic revenue accounted for 59 percent of total revenue and amounted to A$143.3 million (FY2013: 63 percent and $124.4 million).
- International revenue for the period was A$100.8 million (41 percent of total revenue), an increase of 37 percent compared to $73.7 million in the prior correspondingg period.
- The Americas recorded an increase of 44 percent. North America contributed revenues of A$ 58.5 million, a 36 percent increase.
- Asia, New Zealand and Europe contributed $10.4 million in revenue, a slight decrease of 6 percent compared to 2013.
The company said it had made significant headway within the real money online gaming segment and had secured distribution of its content via the GameConnect Remote Gaming Server in both Europe and North America.
Further advances in the social casino sector were achieved following an agreement with casino application provider 616 Digital LLC who will initially distribute 15 Ainsworth's slot titles. Subject to specific performance hurdles, an option is in place to acquire 100 percent of the 616 business at a future date.
"It is expected that both initiatives will be launched and operational towards the end of calendar year 2014.
This strategic investment in current social platform technology will provide further opportunities to provide AGT’s recognised brands to a greater number of users through social and mobile channels,” commented Chief Executive Officer, Danny Gladstone.
The Board had declared a final dividend based on the results of $0.05 per ordinary share, resulting in full year dividends of $0.10 per ordinary share.
3 Top Bitcoin Poker Sites -
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Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
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Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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