"Our continued steady improvement in revenue and margin are a direct result of our focus on creating innovative products that drive demand and our commitment to operational excellence," said Kevin Sheehan, CEO of Scientific Games in the company’s first quarter 2017 report.
Operating income for 17Q1 increased 75 % to US$ 88 million from US$ 50.3 million as a result of the revenue growth and lower cost structure. Net loss was US$ 100.8 million compared with US$ 92.3 million for the same period. An increase in operating income was offset by a US$ 29.7 million loss on extinguishment and modification of debt and a US$ 35.9 million increase in the income tax provision.
Source: GMB / AG Brief
