Ainsworth Game Technology Receives Nearly $3 Million IEEPA Tariff Refund, Upgrades H1 Earnings Guidance

MT Newswires Live
07/03

Ainsworth Game Technology (ASX:AGI) said its US unit, Ainsworth Game Technology Inc., received refunds totaling $2.7 million, representing substantially all of the tariffs previously paid under the International Emergency Economic Powers Act (IEEPA), on June 30, according to a Friday Australian bourse filing.

The company said the refund follows a Feb. 20 US Supreme Court ruling that IEEPA does not authorize the US Administration to impose tariffs, with the IEEPA tariffs declared unlawful and the company having applied for refunds of previously paid amounts.

As a result of the refund, Ainsworth now expects to report first-half underlying profit before tax of about AU$5 million, up from the prior guidance of AU$1 million, and underlying earnings before interest, taxes, depreciation, and amortization of about AU$17 million, up from the previous forecast of AU$13 million.

Total revenue guidance of about AU$116 million remains unchanged.

The company said it expects positive cashflows from operations of about AU$8 million for the first half, up from its previous forecast of AU$2 million, driven by the IEEPA tariff refunds and stronger-than-anticipated cash collection.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10