Industry News

AGTech reports profit for 2018

Published

6 years ago

March 26, 2019

Niji Narayan

AGTech Wins Lottery Hardware Bid in Guangxi Zhuang Autonomous Region of China

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AGTech Holdings Limited, a Hong Kong based gaming service provider, has reported a a profit of approximately HK$317.1 million (US$40.4 million) in its 2018 financial results. The company was in a loss of HK$302.2 million same period last year.

Revenue of the group, however, was down 44.2 per cent year-on-year to approximately HK$168.6 million.

The main revenue contributions were from lottery hardware, lottery games, and systems, provision of distribution and ancillary services, games and entertainment business in the PRC.

The decrease in revenue was caused by an HK$86.0 million decrease in revenue from its games and entertainment division and a decrease in sales of lottery hardware of approximately HK$60.3 million.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.