Ainsworth returns to profit in 1H22

Australian slot machine supplier Ainsworth Game Technology has announced a profit after tax of AU$9.1 million (US$6.6 million) in the six months to 31 December 2021, reversing an AU$50.1 million (US$36.2 million) loss recorded 12 months earlier.

The reversal was due to the vastly improved performance of its North American and Latin American markets as casinos reopened following the devastation of the COVID-19 pandemic.

In North America, sales grew 33% year-on-year to AU$54.6 million (US$39.4 million) – driven by increased revenue from Historical Horse Racing sales and installations. Segment profit increased by 88%, Ainsworth said.

Source: https://www.asgam.com/index.php/2022/02/24/ainsworth-returns-to-profit-in-1h22/