Ainsworth NPAT up 14 percent in FY15

Ainsworth Game Technology, a gaming machine developer, reported that net profit after tax for FY2015 increased 14 percent  year-on-year to A$70.4 million ($51.6 milllion).

Earnings per share increased 22 cents in the 12 months ended June 30 compared to 19 cents per share in FY14.

The company’s international revenue was A$147.6 million, up 46 percent YoY, while profit was A$66.7 million compared to A$42.4 million the year before. Strong international sales growth effectively offset a temporary fall in the weak domestic market, which saw sales decline 35 percent YoY.

Ainsworth’s Australia operations saw revenue decline to A$93 million due to “changes in customer purchaing patterns, some pricing pressure from competitor consolidation, delay in product approval.”

The company said that gross profit margins held steady at 63 percent. 

“Pressure in domestic market (was) offset by strong contributions from machines under participation and the Americas.”