{"id":32504,"date":"2022-08-10T02:38:27","date_gmt":"2022-08-10T05:38:27","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=32504"},"modified":"2026-04-23T06:04:16","modified_gmt":"2026-04-23T09:04:16","slug":"agtech-net-revenue-up-71-in-q2","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/agtech-net-revenue-up-71-in-q2","title":{"rendered":"AGTech net revenue up 71% in Q2"},"content":{"rendered":"\n<p>AGTech Holdings has posted revenue of HK$98m (US$12.5m) for the second quarter of the year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Hong Kong.- The lottery service provider\u00a0<strong>AGTech\u00a0<\/strong>has shared its financial results for the second quarter of the year. It&#8217;s posted consolidated net revenue of HK$57m (US$7.3m), up 71 per cent year-on-year from Q2 2021 (HK$98m).<\/p>\n\n\n\n<p>The company posted a <strong>net loss of HK$110m <\/strong>(US$14m) for the quarter. It also announced its interim results for the six months ended June 30, <strong>reporting revenue of HK$133m (US$17m)<\/strong>, also up 71 per cent\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/agtech-revenues-up-77-6-in-h1\" target=\"_blank\">year-on-year<\/a>.<\/p>\n\n\n\n<p>Of that, Macau contributed 38 per cent (US$32m) and mainland China 62 per cent (US$82m).\u00a0E-Wallets contributed 6 per cent at HK$8m (US$1m), electronic payment systems 16 per cent at HK$22m (US$3m), and other payment platforms 15 per cent at HK$20m (US$2.5m).<\/p>\n\n\n\n<p>Non-Lottery Hardware sales module contributed 2 per cent at HK$2.3m (US$0.3m); Games, Marketing and Technology segment 1 per cent at HK$1.5m (US$0.2m). Income from lease of hardware contributed 1.5 per cent at HK$2.13m (US$0.3m).<\/p>\n\n\n\n<p>AGTech stated: &#8220;For the six-month period, revenue contributions were mainly derived from lottery hardware sales, provision of lottery distribution and ancillary services in the mainland China and provision of electronic payment services in Macau.&#8221;<\/p>\n\n\n\n<p>Last September,\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/agtech-acquires-macau-pass-holdings\" target=\"_blank\">AGTech Holdings<\/a>\u00a0acquired\u00a0<strong>Macau Pass Holdings Ltd<\/strong>, the company which owns 99 per cent of Macau Pass<strong>, for HK778m (US$100m)<\/strong>. Macau Pass is a company that provides services that enable retailers and other merchants to accept different payment methods. It receives a commission income for processing the payment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AGTech Holdings has posted revenue of HK$98m (US$12.5m) for the second quarter of the year.<\/p>\n","protected":false},"author":176,"featured_media":8912,"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 consolidated net revenue of HK$57m (US$7.3m) for Q2 2022, a 71% YoY increase, alongside a net loss of HK$110m (US$14m). H1 2022 revenue reached HK$133m (US$17m), with significant contributions from mainland China's lottery services and Macau's electronic payment sector, bolstered by the strategic acquisition of Macau Pass Holdings Ltd.","focusai_entities":"AGTech Holdings, Macau Pass Holdings Ltd, Macau Pass","focusai_location":"Hong Kong, Macau, China","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.7), payments_fraud_aml (0.9), investor_analyst (0.95), supplier_vendor (0.8), journalist_researcher (0.85)","focusai_suggestions":[{"label":"Macau Pass Strategy Impact?","query":"What is the strategic rationale behind AGTech's continued investment in Macau's electronic payment sector, and how does the Macau Pass acquisition align with its long-term growth objectives amidst evolving regulatory landscapes?"},{"label":"Net Loss Mitigation?","query":"Given the reported net loss, what specific operational efficiencies or revenue diversification strategies does AGTech plan to implement to improve profitability in the upcoming fiscal periods, particularly within its core lottery and payment verticals?"}],"footnotes":""},"categories":[16338,163],"tags":[23700],"class_list":["post-32504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-agtech"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32504","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=32504"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32504\/revisions"}],"predecessor-version":[{"id":32534,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32504\/revisions\/32534"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/8912"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=32504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=32504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=32504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}