AGTech first half revenue increases 45.7%

China lottery games, hardware and systems supplier AGTech Holdings Limited has enjoyed a 45.7% gain year-on-year over the first half of the year.

In a filing on Tuesday, AGTech posted a revenue of HK$101.1 million ($13m) in H1 2015 ending June 30th due to the sales of new hardware and technical services, from HK$69.4 million ($8.9m) in H1 2014.

“Most of the revenue was derived from gaming technologies (game software, systems, hardware and terminals) business and provision of sports lottery management and marketing consultancy services in the PRC,” said AGTech. “The increase in revenue was attributable to the sales of newly added hardware and technical services.”

The company also narrowed its loss from HK$88.9 million ($11.4m) in the prior year period to HK$54.6 million ($7m) over the same period this year.