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melcolot ltd (8198) Details

MelcoLot Limited, an investment holding company, engages in the lottery business in the People’s Republic of China. It provides technological solutions and games, interactive lottery mobile phone games, high frequency lottery games, and online lottery betting platform for lottery operators, including the China Welfare Lottery and the China Sports Lottery. The company also distributes versatile lottery terminals for the China Sports Lottery Association; and provides game upgrading technology and system maintenance services. In addition, it manages a network of retail outlets for the distribution of computerized ticket games, high frequency games, scratch cards, and skill games under the Lucky Pool brand name; and provides tele-betting services for the sale of lottery tickets, as well as offers management services for the distribution of lottery products. The company is headquartered in Central, Hong Kong. MelcoLot Limited is a subsidiary of Melco LottVentures Holdings Limited.

21 Employees
Last Reported Date: 08/13/15

melcolot ltd (8198) Top Compensated Officers

Chief Executive Officer, Compliance Officer, ...
Total Annual Compensation: $2.7M
Compensation as of Fiscal Year 2014.

melcolot ltd (8198) Key Developments

Melcolot Limited Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

MelcoLot Limited announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company announced revenue of HKD 12,535,000 compared to HKD 11,432,000 for the same period a year ago. Loss before taxation was HKD 10,219,000 compared to HKD 8,539,000 for the same period a year ago. Loss for the period was HKD 10,313,000 compared to HKD 8,539,000 for the same period a year ago. Loss for the period attributable to owner of the company was HKD 10,010,000 compared to HKD 8,466,000 for the same period a year ago. Loss per share, basic and diluted was 0.32 cents compared to 0.30 cents for the same period a year ago. For the six months, the company announced revenue of HKD 24,076,000 compared to HKD 22,542,000 for the same period a year ago. Loss before taxation was HKD 19,171,000 compared to HKD 20,700,000 for the same period a year ago. Loss for the period was HKD 19,339,000 compared to HKD 20,821,000 for the same period a year ago. Loss for the period attributable to owner of the company was HKD 18,826,000 compared to HKD 20,356,000 for the same period a year ago. Loss per share, basic and diluted was 0.60 cents compared to 0.76 cents for the same period a year ago. Net cash used in operating activities was HKD 7,507,000 compared to net cash generated from operating activities of HKD 17,374,000 for the same period a year ago. Purchase of property, plant and equipment was HKD 52,000 compared to HKD 34,000 for the same period a year ago. The distribution business is the company’s major revenue generator and contributed approximately 79% of the group's revenue for the six-month period ended 30 June 2015. The group's loss was mainly attributable to the: Slight increase in revenue, specifically for provision of services and solutions for the distribution of lottery products; Net foreign exchange loss was minimal for the six-month period ended 30 June 2015 compared to loss of HKD 7.0 million for the same period a year ago; Finance costs of the group decreased by 100% from HKD 3.1 million for the six month period ended 30 June 2014 to nil for the corresponding period in 2015. The decrease was due to the group fully settling the amount due to its immediate holding company in June 2014; and employee benefits costs were increased to HKD 18.9 million for the six-month period ended 30 June 2015, compared to HKD 8.7 million for the corresponding period in 2014. The increase was primarily due to non-cash expenses arising from share options granted in August 2014.

MelcoLot Limited to Report First Half, 2015 Results on Aug 10, 2015

MelcoLot Limited announced that they will report first half, 2015 results on Aug 10, 2015

MelcoLot Limited, Board Meeting, Aug 10, 2015

MelcoLot Limited, Board Meeting, Aug 10, 2015. Agenda: To approve the release of the unaudited interim results of the company and its subsidiaries for the six-month period ended June 30, 2015 and consider the payment of an interim dividend.

 

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