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melcolot ltd (8198) Details

MelcoLot Limited, an investment holding company, is engaged in lottery business in the People’s Republic of China (the PRC). It provides lottery-related technologies, systems, and solutions for lottery operators, including the China Welfare Lottery and the China Sports Lottery in the PRC. The company also distributes versatile lottery terminals for the China Sports Lottery Association. In addition, it manages a network of retail outlets; and a tele-betting system for the distribution of lottery scratch cards and computer-generated tickets, as well as provides maintenance and upgrade services for the high frequency game. Further, the company develops multimedia content distribution channel for the Shi Shi Cai game; and offers management services for the distribution of mobile lottery products, as well as Venue management consultancy services. MelcoLot Limited is headquartered in Central, Hong Kong.

28 Employees
Last Reported Date: 08/8/14

melcolot ltd (8198) Top Compensated Officers

Chief Executive Officer, Compliance Officer, ...
Total Annual Compensation: $2.4M
Compensation as of Fiscal Year 2013.

melcolot ltd (8198) Key Developments

Melcolot Limited Reports Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

MelcoLot Limited reported consolidated unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue was HKD 11,432,000 compared with HKD 20,761,000 for the same period last year. Loss before taxation was HKD 8,539,000 compared with HKD 1,188,000 for the same period last year. Loss for the period was HKD 8,539,000 compared with HKD 1,247,000 for the same period last year. Loss for the period attributable to owner of the company was HKD 8,466,000 or 0.30 cents basic and diluted per share compared with HKD 1,526,000 or 0.06 cents basic and diluted per share for the same period last year. For the six months, the company reported revenue was HKD 22,542,000 compared with HKD 31,488,000 for the same period last year. Loss before taxation was HKD 20,700,000 compared with HKD 6,621,000 for the same period last year. Loss for the period was HKD 20,821,000 compared with HKD 6,709,000 for the same period last year. Loss for the period attributable to owner of the company was HKD 20,356,000 or 0.76 cents basic and diluted per share compared with HKD 6,039,000 or 0.24 cents basic and diluted per share for the same period last year. Net cash generated from operating activities was HKD 17,374,000 compared with net cash used in operating activities HKD 11,914,000 for the same period last year. Purchase of property, plant and equipment was HKD 34,000. Increase in loss was mainly attributable to the following items: the overall decrease in revenue, especially for sales of lottery terminals and hardware; net foreign exchange loss; employee benefits costs were increased and finance costs of the Group.

MelcoLot Limited Announces Earnings Forecast for the Six Months Ended June 30, 2014

MelcoLot Limited announced earnings forecast for the six months ended June 30, 2014. The Board announced that, based on the preliminary review of the latest unaudited consolidated management accounts of the Group, the Group is expected to record a significant increase in loss of approximately HKD 14.1 million for the six months ended 30 June 2014 as compared to the corresponding period in 2013, which was mainly attributable to the exchange loss of approximately HKD 7.0 million as compared to the exchange gain of approximately HKD 3.8 million.

MelcoLot Limited to Report Q2, 2014 Results on Aug 08, 2014

MelcoLot Limited announced that they will report Q2, 2014 results on Aug 08, 2014

 

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