Gaming Partners International Corp. (GPIC) Tuesday reported first-quarter net loss of $1.13 million or $0.14 per share, compared to a net income of $0.5 million or $0.07 per share in the previous year.
The company noted that the decrease in net income was due to a decrease in sales of its currency products which caused fixed manufacturing costs to be allocated over lower production volumes.
The provider of casino currency and table gaming equipment said its quarterly revenues declined to $10.56 million from $14.77 million a year earlier due to a reduction in worldwide casino currency sales in 2014 compared to 2013, caused by lack of openings/ expansions in 2014.
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