Asian lottery technology provider AGTech believes that the company will achieve a significant breakthrough in business development, following the Chinese lottery regulatory evolution.

In a filing to Hong Kong Stock Exchange, AGTech has reported its earnings for the third quarter ending Sept 30, posting a gain in revenue to HKD76.5 million from HKD53.1 million over the same period a year ago.

According to the company, the gain in revenue was attributable to the sales of newly added hardware and technical services and mostly derived from gaming technologies, business provisions of sports lottery management and marketing consultancy services in China.

Gross profit declined year on year from HKD18.4 million in the third quarter last year to HKD11.5 million this year.