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Ainsworth Game Technology fiscal H1 profit falls YOY

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Ainsworth Game Technology fiscal H1 profit falls YOY

Ainsworth Game Technology Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2015, amounted to 8 Australian cents per share, compared with the S&P Capital IQ consensus estimate of 8 cents per share.

EPS declined 6.5% year over year from 9 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was A$28.0 million, a decline from A$28.5 million in the year-earlier period.

Total revenue grew 26.8% year over year to A$141.9 million from A$111.9 million, and total operating expenses grew 31.6% from the prior-year period to A$108.2 million from A$82.2 million.

Reported net income declined year over year to A$33.1 million, or 10 cents per share, from A$34.6 million, or 11 cents per share.