Asia-Pacific net sales lifts GPI’s Q3 to $2.4M

Net income of casino currency and table gaming equipment supplier Gaming Partners International Corp (GPI) rose to US$2.4 million, thanks to a robust net sales in the Asia-Pacific region.

In a regulatory filing, the Nasdaq-listed company on Thursday announced that it has seen an improvement in its net income during the July to September 2016 period compared to US$1.7 million in the same period in 2015.

The casino supplier chalked an estimate of US$22.6 million in total revenues for the third quarter of 2016, up by 13.7 percent in year-on-year terms

GPI attributed the rise of its net income to the positive net sales in Asia Pacific, which soared by 75 percent in year-on-year terms at US$8.7 million in the third quarter of 2016. The Asia-Pacific region accounted for 38.5 percent of GPI’s overall revenue in the three months to September 30, up by 13.5 percentage points compared to the same period last year.