AGTech Interim results for the six months ending June 30, 2019

in Finance

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FINANCIAL HIGHLIGHTS FOR THE SIX MONTHS ENDED 30 JUNE 2019

• Revenue of the Group for the Six-Month Period amounted to approximately HK$47.7 million (Six months ended 30 June 2018: approximately HK$61.7 million), representing a decrease of approximately 22.7% over the corresponding period in 2018. Revenue contributions were mainly derived from lottery hardware, lottery games and systems, provision of lottery distribution and ancillary services, games and entertainment business in the PRC. The decrease in revenue for the Six-Month Period was primarily caused by the decrease in sales of lottery hardware of approximately HK$16.5 million, partially offset by an increase of approximately HK$5.9 million in revenue from the lottery games and systems.

• The loss for the Six-Month Period was approximately HK$116.1 million (Six months ended 30 June 2018: profit of approximately HK$157.3 million). The change from profit to loss for the Six-Month Period was mainly attributable to several non-cash and non-operating items relating to the fair value changes of the Convertible Bonds and the contingent consideration payables under the Score Value Transaction.

• The Board does not recommend the payment of an interim dividend for the Six-Month Period

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