Poker machine manufacturer Ainsworth Game Technology has continued its strong growth in the first half, CY 23 out of the profit and sales slump that accompanied the Covid pandemic. In a trading update the Sydney manufacturer and online games developer said it expected a profit before tax, excluding currency and one-off items, of approximately $20…
Poker machine manufacturer Ainsworth Game Technology has reported a loss for the 2021 financial year on revenues that are recovering from the depths of the Covid-19 pandemic last year. The Sydney company released a selection of unaudited results today. Revenue for the second half is expected to be $88 million, up from $72 million in…
Gaming machine manufacturer Ainsworth Game Technology is experiencing improved conditions in its slot machine and online businesses, with the company reporting net profit before tax of $1 million for the second half of the financial year. In line with improved business conditions reported by Aristocrat Leisure, as gaming emerges from the Covid-19 pandemic, Ainsworth now…
Gaming manufacturer Ainsworth Game Technology continues to be hit hard by the Covid-19 pandemic with sales slowing further in the second half of 2020. The Sydney company reported expected second half revenues of $42 million, down from $116 million in the previous corresponding period. Preliminary unaudited figures have been delayed. Full year results are expected…
Poker machine and gaming manufacturer Ainsworth Game Technology has joined others in the gambling industry in announcing a big hit from the effects of the Covid-19 coronavirus. The Sydney company said that the virus had caused a large number of gaming and hospitality venues to close or seek to reduce visitation. “As a result the…
Poker machine and gaming manufacturer Ainsworth Game Technology has bought US-games developer MTD Gaming Inc for an initial consideration of US$13 million. The Sydney company will pay an additional US$13 million to MTD’s private owners on the delivery of financial targets and contract renewals. Ainsworth, founded by Len Ainsworth who started the world’s second-largest gaming…
Australia’s two leading manufacturers of gaming machines, Aristocrat Leisure (ASX: ALL) and Ainsworth Game Technology (ASX: AGI) are headed for a hard-fought patent battle in the federal court. Ainsworth announced it would be vigorously defending action by Aristocrat that alleges it infringed the comppany’s patent rights and Australian Consumer Law. Aristocrat maintains Ainsworth stole technology…
Legrand Group announces acquisition of New Zealand’s Mechanical Support Systems Electrical equipment company Legrand has announced its acquisition of Mechanical Support Systems (MSS), a New-Zealand based company that offers cable management solutions for the electrical and mechanical sectors. MSS’ services include cable containment manufacturing, supply, installation and design, as well as bespoke fabrication. “While we are…
Carbon Revolution begins mega-line production Carbon fibre road wheel manufacturer Carbon Revolution has begun manufacturing its wheels on its mega-line production system which aims to boost volume output. Delivering half-year results, the Geelong, Victoria company said wheels had been produced on the line since January, and commissioning was progressing well. A statement said: “Several processes…
IDT Australia’s strong year as it develops mRNA technologies Independent pharmaceutical manufacturer IDT Australia has reported revenues up 74 per cent in the first half FY 22 to $8.56 million as its developed its capabilities in sterile manufacturing. Profit after tax was $1.21 million, up slightly from $1.12 million in the previous corresponding period. During…
