Ainsworth Game Technology, the well-known Australian manufacturer of casino gaming equipment, has announced that the 2022 fiscal year has brought a significant revenue increase for the company.
The company reported a full year revenue of 220.2 million Australian dollars, a figure which represents an increase of 38 percent compared to the results recorded in the 2021 fiscal year.
The improved revenue allowed the Australian company to make a return to profitability, recording a profit after tax of 11.8 million Australian dollars after the loss of 53.4 million Australian dollars it recorded in the 2021 financial year.
Moreover, the company’s earnings before interest, tax, depreciation and amortization (EBITDA) amounted to 37.1 million Australian dollars for fiscal year 2022, a drastic improvement from last year’s loss of 26.6 million Australian dollars.
The company’s recovery reflects a return to normal activity for the whole industry after a couple of years in which operations were deeply affected by the novel coronavirus pandemic.
However, Ainsworth Game Technology also revealed that the good results are also due to “strong product performance in North America”, along with “improved market conditions” in Latin America, where the company recorded a revenue increase of no less than 185 percent.