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March 27, 2008 |
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AINSWORTH GAME: Incurs AU$10.8 Million for 2007 First Six Mos. Ainsworth Game Technology Ltd. posted a consolidated net loss of AU$10.8 million as compared to the previous year's AU$17.7 million for the six-months ended December 31, 2007. Sales improved to AU$21.7 million, a 4.8% increase year-on-year. As of February 19, 2008, the company's balance sheet has AU$53.7 million in total current assets available to pay AU$11.1 million total current liabilities coming due within the next 12 months. Total assets AU$90.4 million versus total liabilities AU$58.1 million, resulting in total shareholders' equity or of AU$32.3 million. About Ainsworth Game Ainsworth Game Technology Limited designs, develops and sells gaming machines and other related equipment and services. The Company's products are ambassador gaming machine and celebrity gaming machine. AGT has products in casinos across Australia. AGT operates in Russia, Austria, France and Germany. Its wholly owned subsidiaries are AGT Pty Ltd, Ainsworth Game Technology Inc (USA), Ainsworth Game Technology (UK) Ltd, Ainsworth International GmbH, Ainsworth Game Technology (NZ) Limited and AGT Service Pty Ltd. The Troubled Company Reporter - Asia Pacific, on November 23, 2007, that Ainsworth Game Technology Limited incurred a net loss of AU$49.49 million for the year ended June 30, 2007. KPMG raised material uncertainty on the company's and group's ability to continue as a going concern, saying that the company needs the continued support of its major shareholder and its ability to achieve sustainable profitable operations and generate positive net cash inflows in the future. |
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