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AGTech positive over future outlook despite H1 revenue decline

8th August 2016 1:42 pm GMT

Hong Kong-listed gaming supplier AGTech Holdings has returned to growth during the second quarter of 2016 as revenue climbed 9 per cent to HK$57.2m.

Despite the Q2 growth, revenue for the first half of the year fell by 24 per cent to $76.6m.

AGTech attributed the decline to reduced sales of lottery hardware products across China, which tend to be stable but can sometimes show short-term volatility.

The company reduced cost of sales and services by 25 per [...]

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