Australian-listed slot machine maker Ainsworth Game Technology Ltd posted A$284.9 million ($185.1 million) in revenue in the 12 months to Dec. 31, up 17.0% from 2022.
However, the company reported a net after-tax net loss of A$90 million, compared to A$10.2 million for the full year 2023. 실시간경마사이트
"Our results for the year have been adversely impacted by the loss of A$21.5 million in foreign currency recorded in our calendar for 2023 compared to the A$2.6 million increase in our calendar in 2022," the company said in a filing with the Australian Stock Exchange on Thursday.
Earnings before interest, taxation, depreciation and amortisation (EBITDA) fell 31.0% year over year to A$18.9 million in 2023.
No dividend was declared during the latest reporting period.
Ainsworth said its "strong performance" in the second half of 2023 boosted its full-year pre-tax regularized profit, excluding currency impacts and one-off items, to A$41.5 million, up 10.4% from the previous 12-month period. Basic EBITDA for 2023 was A$57.8 million, compared to A$55.8 million a year earlier.
Ainsworth reported a net profit after tax of A$2.7 million on revenue of A$124.1 million in the second half of 2023. EBITDA for the six months to Dec. 31 was A$14.9 million.
"This brings a normalized contribution of A$18.3 million in the second half of the year to the 2023 calendar in line with the A$18.0 million market guidance provided," it said.
International revenue for 2023 was A$245.1 million, up 23.7% year-over-year, representing about 86.0% of the group\'s total revenue. During the reporting period, North American revenue was A$140.4 million, representing 57.3% of total international revenue.
Sales in the Asia-Pacific region, which comprises Australia, New Zealand and Asia, amounted to A$48.8 million, representing 19.9% of total international sales. Year-over-year, it was up 2.3%.
However, the sector\'s profit fell 33.3% year-over-year to A$3.4 million. The company attributed this to "continued inflationary pressures, a fixed cost base with low revenue contributions, and a weaker Australian dollar against the U.S. dollar."
"Asian-related unit sales growth," Ainsworth said after "post-pandemic market recovery, offsetting a decline in sales from Australia."
"Changes in sales distributors and new store openings, particularly in the Philippines, are expected to drive revenue in this market in the future," it added
In October, Ainsworth said it had reached "a significant milestone in the Asian gaming sector," including the installation of 24 A-Star cabinets at the City of Dreams Manila gaming resort in the Philippines.
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