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AGTech widens H1 net loss as revenue decline continues

14th August 2014 7:43 am GMT

Chinese lottery supplier AGTech Holding has posted a net loss of HK$87.4m (€8.4m) for the first half of 2014, with results impacted by a 29 per cent drop in revenue and share-based payments worth a total of $64.1m during the period.

Revenue fell by 29 per cent to $69.4m as a result of the company’s transition from its legacy lower-growth lottery management business to “fully integrated services” involving its high-growth gaming technologies business.Revenue from the [...]

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