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 [...]
