Paradise expects to swing to H1 profit

Paradise Entertainment, of provider of electronic gaming equipment, said it expects to swing to a profit for the first half of this year, powered mainly by strong sales of equipment and systems.

In the same period of 2017, the Hong Kong-listed company posted a HK$35 million ($4.4 million) loss.

Paradise said the improvement was due to a 10 percent gain in revenue from casino management services and a surge of 160 percent in gaming machine sales.

The company is expected to release its official interim results in August.

 

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