Hong Kong-listed China Vanguard Group (CVG) has reported a 29 per cent increase in revenue to HK$123.7m for the year ended June 30th, following strong growth in its lottery-related operations across China.

Revenue from the company’s lottery business climbed 51 per cent compared to the previous year, and accounts for the majority of CVG’s revenue. Last year, its land and property development business contributed $13.8m in revenue.

The supplier said that it had focused on developing value-added services for proprietors of lottery outlets during the financial year.

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