AGTech reports 16% revenue drop for first nine months of 2016

Hong Kong-listed lottery provider AGTech has published its results for the nine months to 30 September 2016, reporting a 16% drop in revenue year-on-year to HK$149.8m The company cited reduced sales of lottery hardware products in accounting for this decline, noting that “revenue in this business typically exhibits an irregular pattern since not only are sales not on a commission basis but also the customer base is concentrated and the timing o...