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Lottery supplier CVG back in the black as revenue soars

23rd September 2014 7:07 am GMT

Chinese lottery supplier China Vanguard Group (CVG) has seen a return to profit in the year ended June 30th after almost tripling annual revenue to HK$95.8m (US$12.4m).

Revenue soared 145 per cent versus the previous year, with lottery-related services growing by 110 per cent to HK$82.0m, and the company’s land and property development and consulting business contributing a further HK$13.8m.CVG provides lottery services in eighteen provinces and regions across China, including Zhejiang, [...]

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