{"id":777010604,"date":"2023-10-26T06:47:52","date_gmt":"2023-10-26T09:47:52","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777010604"},"modified":"2026-04-22T16:47:50","modified_gmt":"2026-04-22T19:47:50","slug":"agtech-posts-profit-of-us2-6m-for-first-three-quarters","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/agtech-posts-profit-of-us2-6m-for-first-three-quarters","title":{"rendered":"AGTech posts profit of US$2.6m for first three quarters"},"content":{"rendered":"\n<p>AGTech Holdings Limited has returned to profitability.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Hong Kong.- The lottery service provider AGTech\u00a0has announced a return to profitability in the initial three quarters of the year. The company reported profit of HK$20m (US$2.6m). That compares to a HK$124.6m (US$15.9m) loss in the same period last year.<\/p>\n\n\n\n<p>This shift to profitability is primarily attributed to an increase in revenue through the consolidation of the financial statements of\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/agtech-acquires-macau-pass-holdings\" target=\"_blank\">Macau Pass Holdings Limited<\/a>\u00a0and its affiliated entities into AGTech&#8217;s financial reports. <\/p>\n\n\n\n<p>AGTech Holdings also reported a revenue boost for its electronic payment, lifestyle, games and entertainment, marketing technical services and e-commerce businesses in Macau gue to the rise in tourist arrivals. In the first half of the year,\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/agtech-posts-revenue-of-us37-6m-for-h1\" target=\"_blank\">revenue amounted to HK$294.4m (US$37.6m)<\/a>, up 120.9 per cent over the corresponding period in 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AGTech Holdings Limited has returned to profitability.<\/p>\n","protected":false},"author":176,"featured_media":25402,"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 Limited has reported a return to profitability in the initial three quarters, achieving HK$20m (US$2.6m) profit compared to a HK$124.6m loss in the prior year. This turnaround is primarily attributed to the consolidation of Macau Pass Holdings Limited's financial statements and increased revenue from electronic payment, lifestyle, games, entertainment, marketing technical services, and e-commerce businesses in Macau, driven by a surge in tourist arrivals.","focusai_entities":"AGTech Holdings Limited, AGTech, Macau Pass Holdings Limited","focusai_location":"Hong Kong, Macau","focusai_target_profile":"ceo_executive (0.95), operator_casino (0.75), payments_fraud_aml (0.85), investor_analyst (0.98), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact of Macau Pass?","query":"What specific synergies or market share gains has AGTech realized through the consolidation of Macau Pass Holdings Limited, beyond the immediate financial statement impact?"},{"label":"Sustainability of Profitability?","query":"What are AGTech's projections for sustaining this profitability, considering potential fluctuations in Macau tourist arrivals and competitive dynamics within the electronic payment and gaming verticals?"}],"footnotes":""},"categories":[16338,163],"tags":[23700],"class_list":["post-777010604","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\/777010604","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=777010604"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010604\/revisions"}],"predecessor-version":[{"id":777041077,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010604\/revisions\/777041077"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25402"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777010604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777010604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777010604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}