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AGTech posts 5% drop in third quarter revenue

10th November 2016 8:09 am GMT

Hong Kong-listed lottery supplier AGTech Holdings has reported a 16 per cent drop in revenue to HK$149.8m (€17.5m) for the first nine months of 2016, due to reduced sales of lottery hardware in China during the period.

This followed a 5 per cent year-on-year fall in revenue in the third quarter to $73.1m, which AGTech attributed to the irregular pattern of hardware sales.

As a result, third quarter cost of sales and services fell by 15 per cent to [...]

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