Ainsworth Game Technology Reports 563% Profit Surge Despite Revenue Decline

Ainsworth Game Technology Limited ( (AU:AGI) ) just unveiled an update.

Ainsworth Game Technology Limited reported a 7% decline in revenue from operating activities for the year ending December 31, 2024, amounting to A$264,064,000. Despite this, the company achieved a significant increase in net profit, rising by 563% to A$30,319,000, attributed to improved operational efficiencies and strategic disposals, such as the sale of AGT Interactive S. de R.L de C.V. No dividends were declared for the year, and the net tangible asset backing per ordinary security increased from $0.65 to $0.77, reflecting a stronger financial position.

More about Ainsworth Game Technology Limited

Ainsworth Game Technology Limited is a company operating in the gaming industry, primarily focused on the development and supply of gaming machines and related technology. The company serves a global market with a focus on providing innovative gaming solutions.

YTD Price Performance: -1.17%

Average Trading Volume: 123,642

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $171.7M

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