Ainsworth Game Technology Reports Decrease in Profit Amid Regional Challenges

Ainsworth Game Technology Limited ( (AU:AGI) ) has provided an announcement.

Ainsworth Game Technology Limited reported a decrease in its Profit Before Tax (PBT) to $23.2 million for the year ending December 31, 2024, down from $41.5 million in the previous year. Despite the reduction, the company experienced strong performance in North America, driven by new product launches and strategic distribution agreements, contributing to a 5% increase in revenue in the region. However, challenges in Latin America due to economic conditions and import restrictions impacted overall revenue, which declined by 7% to $264.1 million. The company remains optimistic about future growth, with expectations of revenue increases in 2025 across key regions.

More about Ainsworth Game Technology Limited

Ainsworth Game Technology Limited is a company operating in the gaming industry, primarily focusing on the development and supply of gaming machines and related technology. The company has a significant market presence in North America, Latin America, Europe, and the Asia Pacific region, with a strong emphasis on recurring revenue through gaming operations and distribution agreements.

YTD Price Performance: -1.17%

Average Trading Volume: 123,642

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $171.7M

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