Revenues of Philippine-listed game technology provider DFNN surged more than sixfold in the first nine months of the year on the back of a robust platform affiliates business segment. In a disclosure to the Philippine Stock Exchange last week, DFNN reported that its revenues climbed by as much as 616 percent to PHP848.5 million (US$16.7…
Technology firm DFNN Inc. chalked up P121.3 million in nine-month net profit, surging from a meager P800,000 net profit in the same period last year, on the back of robust revenues from licensed gaming operations. Nine-month revenues soared by 616 percent year-on-year to P848.5 million, boosting its cash flow by 668.9 percent to P142.8 million.…
MANILA, Philippines — Earnings of publicly listed IT firm DFNN Inc. skyrocketed in the first nine months of this year as its platform affiliates continue to increase. In a statement, DFNN said its net income surged to P121.3 million, up 15,062 percent from just P0.8 million in the first three quarters of 2016. Revenues reach…
Technology firm DFNN Inc. jacked up its first semester net profit by 456 percent year-on-year to P101.8 million as revenues from gaming platforms surged. Six-month revenues soared by 880 percent year-on-year to P556.9 million, DFNN said in a press statement. This increase was brought about by the growth in revenue from the licensed gaming operations,…
Philippine-based game technology provider DFNN is eyeing to go public next year as the company claws its way out of a deficit. The Philippine Daily Inquirer reported that DFNN, through its gaming service unit HatchAsia, will list some of its affiliates on the Philippine Stock Exchange (PSE) by the second quarter of 2018 now that…
DFNN, Inc. has obtained approval from the Securities and Exchange Commission (SEC) for its equity restructuring plan aimed at wiping out a deficit amounting to P691.34 million. In a disclosure to the stock exchange on Wednesday, the information technology solutions provider said it received approval from the SEC to undergo an equity restructuring instead of…
Philippines: DFNN, Excel Century ink $12.4m private placement deal Read more at: https://www.dealstreetasia.com/stories/philippines-dfnn-excel-century-ink-12-4m-private-placement-deal-72997/
Technology provider DFNN Inc. chalked up a net profit of P51.32 million in the first three months, reversing the P10.39 million net loss year-on-year, as the company expanded its gaming footprint. Including earnings attributable to minority interest, DFNN’s net profit stood at P53.1 million, a turnaround from the net loss of P9.3 million in the…
The Supreme Court has laid to rest all civil cases linked to the dispute between DFNN Inc. and the state-controlled Philippine Charity Sweepstakes Office (PCSO) over “illegal” termination of a lotto equipment leasing deal. This gives DFNN more legal muscle to press for the collection of some P310 million in arbitral award from the PCSO.…
Technology provider DFNN Inc. has unveiled a plan to pursue an equity restructuring to wipe out capital deficit of over P600 million. In a disclosure to the Philippine Stock Exchange, DFNN said the restructuring would wipe out P601.99 million in retained deficit as of end 2016. Asked how the deficit will be wiped out, DFNN…