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…

DFNN reports five-fold increase in profit in 2017

Philippine technology firm DFNN Inc on Wednesday reported consolidated revenue of P961.9 million for the full-year 2017, an increase of 270 percent year-on-year. The company also disclosed a net income of P144.8 million, up more than five-fold from P23.6 million recorded the year before. DFNN said the boost in revenues was largely due to a…

26 PHL firms among Asia Pacific’s fastest growing companies

THE Financial Times (FT) of London has released its inaugural list of the FT 1000 High-Growth Companies in Asia Pacific, consisting of firms based in 11 of the region’s more developed markets, namely  Australia, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, South Korea and Taiwan. FT’s research partner Statista compiled the list,…

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DFNN eyes hybrid e-bingo, sports betting business

DFNN, Inc. is planning to introduce more products this year, as it aims to boost its revenue contribution to the Philippine Amusement and Gaming Corp. (PAGCOR). “We’re looking at a hybrid of e-bingo sites and more breadth in terms of the product itself, and more sports betting,” DFNN Chief Executive Officer Calvin Lim told BusinessWorld…

DFNN’s ‘Tim Cook’

It’s like Apple founder Steve Jobs giving way to Tim Cook as CEO of his company. That’s how Ramon “Raymond” Garcia Jr.— who recently turned 50 and saw the need to find his successor at technology firm DFNN Inc.—likens his decision to step down as CEO and bring 38-year-old Malaysian-Chinese professional, Calvin Lim, into his…

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…