Ainsworth reports declines in sales and profitability in FY20H1

Australia-based slot machine maker Ainsworth Game Technology reported year-on-year declines in both sales and profitability in the six month period ending December 31.

Total revenues stood at A$107.3 million, which was a 9 percent decline.

Losses after taxes were -A$3.8 million, compared to a profit of A$12.1 million the previous year.

The regions which suffered the poorest results were Asia and Europe, where revenues were down by 51 percent. However, looking forward the company said it would be “leveraging our strategic partnership with Novomatic to drive additional revenues in new markets within the region.”

Despite the disappointing results, the CEO’s address anticipated that Ainsworth would return to profitability in the second half, and that the FY20 full year results would also record a profit.