{"id":21401,"date":"2021-08-11T13:36:33","date_gmt":"2021-08-11T16:36:33","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=21401"},"modified":"2026-04-23T16:45:25","modified_gmt":"2026-04-23T19:45:25","slug":"agtech-revenues-up-77-6-in-h1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/agtech-revenues-up-77-6-in-h1","title":{"rendered":"AGTech revenues up 77.6% in H1"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">AGTech Holdings has posted a 77.6 per cent growth in revenue for the first half of 2021 to approximately HK$77.9m.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Hong Kong.- The lottery service provider <strong>AGTech <\/strong>has reported revenue for the first half of the current year <strong>reached HK$77.9m<\/strong>\u00a0while its operating loss for the six-month period was approximately HK$55m, down 47.9 per cent year-on-year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company said<strong>\u00a0the reduced loss was mainly due to the increase in total revenue <\/strong>and a decrease in employee benefits expenses of approximately HK$15.8m.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company also noted <strong>growth due to lottery hardware<\/strong>, provision of lottery distribution and ancillary services, non-lottery hardware in PRC, and its games and entertainment business in India.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>PRC lottery sales reached RMB178.4bn<\/strong>\u00a0in the first half, up 44 per cent year-on-year, with RMB67.7bn from the Welfare Lottery, and RMB110.7bn from the Sports Lottery.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For the first half of 2020,\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/agtech-revenues-fall-8-in-h1\">AGTech<\/a>\u00a0reported an 8 per cent drop in revenue to US$5.6m. At the time, the company said\u00a0<strong>the drop was mainly due to a fall in sales of lottery hardware of approximately HK$6.6m (US$851,596)<\/strong>, and a fall of HK$1m (US$129,028) in revenue from its games and entertainment division.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AGTech Holdings has posted a 77.6 per cent growth in revenue for the first half of 2021 to approximately HK$77.9m.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"AGTech Holdings reported a 77.6 per cent revenue growth to HK$77.9m for H1 2021, alongside a 47.9 per cent reduction in operating loss to HK$55m. This performance was driven by increased lottery hardware sales, distribution services, non-lottery hardware in PRC, and its India-based games and entertainment business, against a backdrop of 44 per cent growth in PRC lottery sales.","focusai_entities":"AGTech Holdings","focusai_location":"Hong Kong, China, India","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), tech_data (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Growth Drivers?","query":"What specific strategic initiatives or market shifts underpinned AGTech Holdings' 77.6% revenue growth and 47.9% operating loss reduction in H1 2021, particularly within its lottery hardware and distribution segments?"},{"label":"Market Share Outlook?","query":"Considering the RMB178.4bn PRC lottery sales, what is AGTech's projected market share evolution within the Welfare and Sports Lottery verticals, and how will its India-based games and entertainment business contribute to future diversification?"}],"footnotes":""},"categories":[16338,163],"tags":[3573],"class_list":["post-21401","post","type-post","status-publish","format-standard","hentry","category-east-asia-news","category-finance-news","tag-lottery"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/21401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=21401"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/21401\/revisions"}],"predecessor-version":[{"id":21415,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/21401\/revisions\/21415"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=21401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=21401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=21401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}