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Ainsworth issues profit warning following delays in new product launches

9th May 2019 7:45 am GMT

Sydney-listed gaming supplier Ainsworth Game Technology (AGT) has warned that its trading performance for the second half of its 2018/19 financial year will be below previous expectations.

The company said that its performance had been impacted by “intense” competitive market pressures in Australia and delays in new product approvals.

These approvals are now being progressively secured and are expected to translate into improved product performance and domestic market share gains in the company’s next financial year.

AGT said [...]

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