Wheels And Fortune Mid-Year Raffle Promo

Inter-Active Entertainment Solutions Technologies Inc (IEST), DFNN’s wholly-owned subsidiary, recently concluded their “Wheels and Fortune” mid year raffle promo featuring P4-million worth of prizes last August 30, 2018. The raffle promo ran from May 15 to August 15, 2018. It featured grand and minor prizes including three (3) units of Toyota Wigo and up to…

DFNN H1 net income drops 14.6% on higher expenses

Increased depreciation and amortization expenses have pulled down Philippine-listed game technology provider DFNN Inc.’s net income by 14.6 percent in the first half of 2018. In a disclosure to the Philippine Stock Exchange, DFNN reported net income of PHP86.9 million (US$1.63 million) in the first six months of 2018, down from PHP101.8 million ($1.9 million)…

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DFNN H1 revenue gains 11.5 percent

DFNN said its H1 revenue gained 11.5 percent, with gains noted across all of its business sectors, in particular license sales. Total revenue was P621.0 million ($11.6 million), up from P556.9 million earned in the same period last year. EBITDA gained 11.9 percent to P129.7 million. The highest growth came from the sale of licenses,…

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DFNN: Technology very much in play

Technological advances in the past few decades have significantly increased the competitive nature of the economic business world. Companies have used software, computers and the internet to transform their businesses from local to global market competitors. Many companies have responded to these changes by automating their business processes and capturing industry-related information and using it…

From Gaming to Fintech

Emerging industry. It also formed several subsidiaries, including iWave, Inc. for system integration software and technology development; HatchAsia, Inc. for management and technology expertise; and Pacic Gaming Investments Pty. Ltd. for game development. Now the dominant player in the electronic gaming market with 190 e- casino sites, DFNN recently appointed an expatriate to lead the…

DFNN declares iWave shares as property dividend

DFNN Inc., a listed information technology company, said it will declare as property dividend some 40,000 shares in unit iWave Inc. DFNN said in a disclosure to the stock exchange shareholders as of record date Dec. 18, 2018 would receive one iWave common shares for every 8,155.5 DFNN shares owned. iWave is a leading company…

DFNN profit jumps 513% on robust commission fees

Net income of Philippine-listed game technology provider DFNN Inc. grew five-fold in 2017 on the back of strong commission fees and improvement in service income. In a disclosure to the Philippine Stock Exchange, DFNN reported net income of PHP144.77 million (US$2.79 million) last year—a 513 percent leap from the PhP23.61 million ($454,964) posted in 2016.…

DFNN income jumped sixfolds in 2017

DFNN Inc., a firm that operates gambling kiosks and supplies software solutions to other firms, said its net income jumped six folds last year as a result of more deployment of gaming machines. The company said its profits rose P144.77 million for the entire 2017, up from a mere P23.61 million it eked out in…