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Ainsworth expects $88m in revenue for H2 of FY2020-21

| By Marese O'Hagan
Australian gaming technology provider Ainsworth Game Technology (AGT) said it expects revenue of AU$88m (£45.6m/€54.8m/US$64.6m) for the second half of its 2020-21 financial year, ended on 30 June.
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This would be a rise of 22.2% compared to the $72m in revenue it made in the first half of the financial year.

In addition, AGT revealed that the revenue contribution from Australia for the second half of 2021 was $20.0m, which would see the total Australian revenue for the 2020-21 financial year at $39.0m. This is a 39.2% rise against full-year 2020 results.

The company also expects profit before tax of $1.6m for its second half of 2021 results, which would be an increase of 60.0% compared to the $1.0m previously projected in an update released on 18 May.

EBITDA for the second half is set to be around $14.4m, an expected rise of 37.5% in comparison to the $13.2m that was projected in May.

AGT expects to release its complete results for the financial year on August 26 2021.

AGT saw year-on-year struggles in its H1 2021 results, which were released in February. The business recorded pre-tax losses of $14m amid difficulties in Latin America, despite an increase in revenue.

In May, gaming technology supplier GAN entered into an exclusive online rights deal with AGT, which saw GAN become the official provider of AGT online games in the US.

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