• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Lottery expert China Vanguard doubles 2H revenue

Feb 13, 2015 Newsdesk Industry Talk, Latest News, Rest of Asia  


Lottery expert China Vanguard doubles 2H revenue

China lottery equipment and services supplier China Vanguard Group Ltd more than doubled its consolidated revenue in the six months to December 31, it said in a filing to the Hong Kong Stock Exchange on Thursday.

The group recorded unaudited consolidated revenue of HKD67.2 million (US$8.7 million), a rise of 108 percent compared to the HKD32.4 million recorded in the equivalent period in 2013.

The increase in revenue was “predominantly due to increase in revenue from the lottery-related business,” the firm said in its filing. It is listed on Hong Kong’s secondary equities market, known as the Growth Enterprise Market.

The company said it had “continued to make significant inroads in its core operation in lottery services to become a leading provider in the PRC [People's Republic of China], supplying lottery software, equipment, and value-added services in operating sales distribution channels to both of China’s sports and welfare lottery authorities, China’s two lottery regulating bodies, during the reporting period.”

In late September the business announced it had an agreement with the Guizhou Province Sports Lottery Administration Centre to provide interactive self-service equipment for lottery sales in the province.

The group added in its latest filing it continued to work toward building a “dominant distribution network” for lottery-related products and services, expanding its presence into 20 mainland provinces as of the date of the report.

The group recorded an unaudited profit attributable to the equity holders of HKD15.1 million in the second half last year – a turnaround against a net loss of HKD6.3 million in the second half of 2013.

In the final quarter of 2014, profit attributable to equity holders surged by HKD11 million to HKD11.6 million from HKD0.6 million in the prior-year quarter.

Selling and distribution costs and administrative expenses in the second half, 2014, amounted to HKD43.4 million, an increase of 34 percent as compared to HKD32.4 million a year-prior.

The board did not recommend the payment of any dividend for the six months ended December 31. That was consistent with the policy in the prior-year period.


  • tweet
Related articles
  • China lottery sales fall 17.5pct in full-year 2019
    China lottery sales fall 17.5pct in...

    Feb 18, 2020  

  • Mainland China’s lottery sales down 12.7pct in May
    Mainland China’s lottery sales down...

    Jun 26, 2019  

More news
  • Digital yuan eventually for Macau mass bets mulls Bernstein
    Digital yuan eventually for Macau mass...

    Jan 22, 2021  

  • Macau Covid-19 case no bar to mainland travel ties
    Macau Covid-19 case no bar to mainland...

    Jan 22, 2021  


Latest News

Digital yuan eventually for Macau mass bets mulls Bernstein

Digital yuan eventually for Macau mass bets mulls Bernstein

Jan 22, 2021  

Were China’s central government-backed digital yuan (CNY) to be adopted in Macau for casino chip transactions, it could in the long run benefit mass and premium-mass play, as cross-border money...
Read More
Macau Covid-19 case no bar to mainland travel ties

Macau Covid-19 case no bar to mainland travel ties

Jan 22, 2021  

Mohegan seeks govt nod to delay Inspire opening

Mohegan seeks govt nod to delay Inspire opening

Jan 22, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

"The entire company is eagerly anticipating the launch of our newest themed destination – The Londoner Macao"

Wilfred Wong Ying Wai

President of Macau-based casino operator Sands China



Most Popular

  • Sands China sixth Macau op to pledge staff extra paymentSands China sixth Macau op to pledge staff extra payment January 21, 2021
  • Londoner Macao first phase launch Feb 8 says Sands ChinaLondoner Macao first phase launch Feb 8 says Sands China January 21, 2021
  • Wynn and Melco also flag bonus for Macau staffWynn and Melco also flag bonus for Macau staff January 19, 2021
  • Investors see 2H Macau gain, rebound 2022: BernsteinInvestors see 2H Macau gain, rebound 2022: Bernstein January 19, 2021
  • Melco likely to take on more debt for expansion: Moody’sMelco likely to take on more debt for expansion: Moody’s January 20, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us