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, Heilongjiang, Chongqing, Tianjin, Jilin, Anhui, and Shandong.

Premium subscribers continue here to the full article.