International Shines but Domestic Weighs on Ainsworth’s Result; FVE Reduced to AUD 3.50
Ainsworth Game Technology reported a mixed fiscal 2016 result. While adjusted NPAT of AUD 52.4 million was flat year on year and largely as guided, the earnings performance of Australia was worse than we expected while international was ahead. Adjusted EBITDA was up 11% to AUD 91.1 million driven by a very strong performance by international and partly offset by continued weakness in Australia. Excluding significant items, EBITDA was up 12% to AUD 95.2 million versus our forecast of AUD 89.4 mil...Ainsworth Game Technology is a gaming machine developer, designer and manufacturer operating in local and global markets. Co. is engaged in the design, development, production, lease, sale and servicing of gaming machines and other related equipment and services. Co. provides its product within both land based and on-line gaming markets, including social gaming and licensed Real Money gambling markets. Co.'s game brands include Mustang Money 2™, Thunder Cash™, Twice The Money™ and Cash Cave™.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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