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AGTech sees revenue rise 44% in Q3 but losses continue

11th November 2015 7:00 am GMT

Chinese lottery solutions provider AGTech Holdings has reported a 45 per cent increase in revenue to HK$177.8m for the nine month period ended September 30th, due to the inclusion of results from the newly acquired lottery hardware manufacturer Zoom Read.

It follows a strong third quarter performance which saw revenue increase by 44 per cent to $76.7m.

Despite the year-on-year revenue growth, the company incurred a net loss of $53.8m for the quarter, as cost of sales [...]

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