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FOREX gains drive IGT to profit in first quarter 2019

21st May 2019 6:35 am GMT
IGT

New York-listed supplier International Game Technology (IGT) has posted a net profit of $40.3m for the first quarter of 2019, benefiting from a reduction in operating expenses and a foreign exchange gain of $58.6m.

Revenue fell by 5 per cent year-on-year to $1,145m in Q1, with the North America Gaming & Interactive, International and Italy segments all declining and stable revenue from North American Lottery. On a constant currency basis, revenue was down 1 per cent compared [...]

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