Robust gaming, lottery, and interactive segments of Nasdaq-listed Scientific Games Corporation help narrow the company’s losses in the third quarter of 2017.
In a disclosure to the U.S. bourse, Scientific Games reported that the firm’s net loss dropped to $59.3 million from $98.9 million in the same period last year.
Scientific Games attributed the improving net loss figures to the positive operating income, which jumped 170 percent to $90.6 million from $33.5 million a year ago. Foreign exchange, according to Scientific Games, also helped mitigate the net loss.
Its net debt ratio also declined to 6.7 times trailing twelve-month attributable earnings before interest, taxes, depreciation, and amortization (EBITDA) from 7.4 times in 2016. Scientific Games’ attributable EBITDA increased 10 percent to $299.0 million from $271.6 million a year ago.