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AGTech set for HK$1.33bn product investment after posting 2016 profit

27th March 2017 7:02 am GMT

Hong Kong-listed Chinese lottery supplier AGTech Holdings has reported its first annual profit in more than a decade as it prepares to invest HK$1.33bn (€158m) in product development over the course of this year.

After a long run of losses stretching back more than a decade, AGTech recorded a profit of HK$333.0m for 2016, with the turnaround attributed to non-operating gains.

These comprised $408.1m from the re-measurement of the fair value of convertible bonds, a gain of $119.7m from [...]

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