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…

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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,…