WMS SEES FOURTH QUARTER EARNINGS RISE 22 PERCENT

August 09, 2001 7:20 PM
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WMS Industries, a major slot machine maker, said fiscal fourth-quarter profits before one-time items rose 22 percent from a year ago.

The improvement was based on a strong rise in the number of gaming machines installed. The Waukegan, Illinois-based company drew a net income of $3.2 million, compared to $11.3 million the previous year. Total revenues of $65.8 million were also below last year's $68 million figure.

The positive fourth-quarter results were driven by a 48 percent increase in participation games to 5,857 units as of June 30.