ASX:AGIHospitality
Ainsworth Game Technology (ASX:AGI) Shares Eye Margin Strength Over Revenue Slide
Ainsworth Game Technology stock has been grinding lower for months and came into this half year result after a roughly 24% decline over the past 30 days. The headline number that really confronts that gloom is simple. The company stayed in the black with profit after tax of A$1.1m on A$116.5m of revenue, while lifting gross margin to 62%.
The market has been trading the story as if revenue pressure is the only thing that matters. This result puts the spotlight on margin quality and cash...