Energy Development Corp, DFNN Lead Philippine Stocks Last Week

  The stocks of Energy Development Corporation (PSE:EDC) and DFNN, Inc (PSE:DFNN) led last week’s Philippine Stock Exchange (PSE) gainers, with 39.24 percent and 20.51 percent gains, respectively, according to latest market data. EDC, the large st producer of geothermal energy in the Philippines and the second-largest in the world, saw its stock last trading…

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Calvin Lim

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…

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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…

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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…

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Cavlin LIm DFNN

DFNN sees big live dealer potential, eyes crypto leadership

DFNN CEO Calvin Lim says the company will soon roll out the first live dealer products in the Philippines’ e-casino market, which will help the game technology company reach a new segment of premium mass players. “I’m very excited about the prospects of our upcoming live dealer project,” he told AGB in an interview. “This…

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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.…

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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…

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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…

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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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