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China Vanguard posts Q3 loss despite continued lottery growth

18th November 2015 8:33 am GMT

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 [...]

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