BRIEF-DFNN Appoints Calvin Lim As President, CEO

* CALVIN LIM APPOINTED AS PRESIDENT, CEO * PROMOTED RAMON C. GARCIA JR TO EXECUTIVE VICE CHAIRMAN & EXECUTIVE DIRECTOR Source text for Eikon: Further company coverage: Source: https://www.reuters.com/article/brief-dfnn-appoints-calvin-lim-as-presid/brief-dfnn-appoints-calvin-lim-as-president-ceo-idUSFWN1QI1M2

FT 1000: High-Growth Companies Asia-Pacific

The region’s technology companies lead the way, according to list compiled with Statista David Blood, Ændrew Rininsland and Ian Smith in London February 12, 2018 The corporate sectors of the Asia-Pacific region vary in maturity, levels of governance and international profile. But this list of fast-growing companies, compiled with the FT’s research partner Statista, demonstrates that…

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Higher gaming platform use lifts DFNN earnings

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…

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DFNN nets P121M

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.…

DFNN earnings surge on higher platform use

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…

DFNN nets P101.8M

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,…

DFNN to list on Philippine bourse next year sans IPO

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…

SEC approves DFNN equity restructuring

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…

DFNN nets P51M

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…