Hong Kong-listed lottery supplier China Vanguard Group (CVG) has reported a 13 per cent decline in total revenue to HK$17.3m for the third quarter of 2015, although its lottery business recorded strong results during the period.
Revenue from lottery-related services rose 14 per cent year-on-year to $17.3m, with the comparable period also including results from the now discontinued property business which contributed $4.7m in revenue.
Operating expenses rose 19 per cent to $24.1m due to the company’s [...]
