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NET INCOME DOWN AT BALLY TECHNOLOGIES
31st October, 2014 at 10:48:14
23% decline reported in fiscal Q1-2015 numbers.
Bally Technologies, the US gambling supply and content company that is about to be acquired by Scientific Games, reported a 23% decline in net income to $28.8 million in its fiscal Q1-2015 reportage this week (Q1-2014: $37.8 million).
The decline came despite record revenues of $320.8 in the quarter ended September 30, a 29% improvement over the same period a year earlier, with gaming revenues contributing $106 million.
The company attributed the dip in net income to increased cost of sales, which rose 34 percent, and rising costs across all operations.
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