Poker machine maker Ainsworth Game Technology said its full-year net profit after tax rose 18 per cent to $61.6 million, boosted by the fifth consecutive year of double-digit revenue growth.
Subscribe now for unlimited access.
$0/
(min cost $0)
or signup to continue reading
But the result missed the consensus among analysts, who had expected net profit of $69.4 million, according to data compiled by Bloomberg.
The Sydney manufacturer said revenue rose 23 per cent to $244 million, which missed consensus of $251.6 million.
Revenue from international sales rose 37 per cent to $100.8 million, outpacing the domestic business, which reported a 15 per cent rise in revenue to $143.3 million.
The stock fell 10¢ or 2.7 per cent in early trading to $3.59 at 12.27pm. The stock has lost 4 per cent of value in the past year, compared with a 10 per cent rise in the S&P/ASX 200.
The board declared a dividend of 5¢ payable on September 26. Billionaire executive chairman Len Ainsworth, who owns 53.4 per cent of the company, will receive $8.6 million in dividend distributions.
