Jackpot for Astra in Bridgend as revenue and profits surge!
The Astra Gaming Group in Bridgend enjoyed a multimillion-pound surge in revenue and profit last year, despite anticipating “challenging conditions” due to closures in the arcade and bingo sector.
With directors vowing to “seek opportunities for growth” in 2014, Astra has since assumed control over more than 80 gaming venues across England and Scotland with the acquisition of part of Noble Organisation, which completed last month.
The company, which designs, develops and makes amusement and gaming machines, operates from Astra House at number one Kingsway in Bridgend. It employs almost 140 members of staff.
In accounts filed for the year to 31 December 2013, Astra Games Ltd boosted turnover by 7.4 per cent to £18.5m, compared to £17.2m in 2012.
Operating profit also increased to £1.3m after a loss of £1m during the previous year. Pre-tax profits soared to £29.1m from £8.8m in 2012, although the group said that this was down to the increased income from shares in group undertakings.
In a statement accompanying its results, directors said they would seek opportunities for growth, as well as trying to expand organically.
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