Ainsworth Game Technology has reported a 15 per cent decrease in revenue for the six-month period ending Jone 30, 2024, against the previous year.
Total revenue reached AU$121.4m, compared to $143.6m in H123. Underlying EBITDA was $26.8m down from $29.4m the previous year.
However, net assets totalled $333.9m, up from $325.7m the previous year.
“As was highlighted by the company in its previous guidance, the Latin America/Europe segment contributed the majority (73%) of the revenue shortfall experienced in the current period,” a company statement read.
“This revenue shortfall was a result of significant revenue contributions in CY23 within Argentina relating to the securing of import licences and resultant sales which were not repeated in the H1CY24 period.”
“I am encouraged by the investments the company has and continues to pursue,” said AGT’s chairman Mr Danny Gladstone. “These investments are expected to further establish the necessary foundations to enable the development and release of new and innovative products to achieve improvements in the Group’s financial results.”
