Ainsworth Turns In Strong Full Year Results
By Brian Cullingworth, Last updated Aug 29, 2014
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.
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Infopowa news was a staple of Casinomeister’s news from 2000 until 2019. Brian Cullingworth was the main writer, contributor, and was one of the most knowledgeable persons I have ever known involved in the online casino industry.
We first met in January 2001 at the ICE in London where I observed him going booth to booth interviewing online casino, software, and licensing jurisdiction representatives. Brian was also heavily involved with our forum as “Jetset“, he was involved as an informal consultant to eCOGRA, the OPA, and was a player advocate who assisted countless aggrieved players with his connections to industry folks. He also published “Casino Cautions” via Infopowa news for quite a number of years. These can be found in our news archives.
His passing in February 2019 was a dark day for us. He will be forever missed.
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