Ainsworth Gaming Corporation witnessed a substantial rise in its fiscal performance during the initial six months of the 2022 fiscal year. The firm’s income hit AUD$100.7 million, a notable 40% surge in contrast to the corresponding timeframe last year. This equates to roughly US$72.3 million.
This expansion was driven by numerous elements, chiefly the surge in consistent income stemming from their Historic Horse Racing (HHR) devices. The United States market assumed a crucial part, with the prosperous vending of 400 HHR units formerly under shared participation contracts. Furthermore, the revival and resumption of amusement locations in South America contributed to the favorable outcomes. Ainsworth also observed ongoing expansion within their internet-based gaming division.
The corporation’s earnings before interest, taxes, depreciation, and amortization (EBITDA) hit AUD$20.7 million, a sharp difference from the AUD$1.1 million from the prior year. Profit before tax similarly witnessed a significant reversal, reaching AUD$10 million compared to a deficit of AUD$18.7 million in the parallel period the previous year.
In summary, Ainsworth’s global activities, particularly within North America, have become a primary catalyst of their achievements, currently constituting a considerable 83% of the group’s overall revenue.
AGTs CEO, Harald Neumann, expressed immense satisfaction with the preceding half-year, noting a significant improvement in their financial standing due to a robust resurgence in several vital global markets. He anticipates further acceleration, particularly in regions like Australia and Latin America, while emphasizing their commitment to enhancing game design and technological capabilities. Neumann underscored the paramount importance of delivering innovative and refined products and ensuring unwavering customer contentment for sustained triumph. He eagerly anticipates sharing further advancements with everyone in the near future.”
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