DFNN, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 02:59 am EDT
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DFNN, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was PHP 396.13 million compared to PHP 391.41 million a year ago. Net loss was PHP 18.74 million compared to net income of PHP 72.84 million a year ago. Basic loss per share from continuing operations was PHP 0.058 compared to basic earnings per share from continuing operations of PHP 0.224 a year ago. Diluted loss per share from continuing operations was PHP 0.058 compared to diluted earnings per share from continuing operations of PHP 0.224 a year ago.
For the six months, revenue was PHP 710.69 million compared to PHP 675.13 million a year ago. Net income was PHP 39.32 million compared to PHP 140.86 million a year ago. Basic earnings per share from continuing operations was PHP 0.121 compared to PHP 0.434 a year ago. Diluted earnings per share from continuing operations was PHP 0.121 compared to PHP 0.434 a year ago.
DFNN, Inc. is a Philippines-based information technology (IT) solutions provider and systems integrator. The Company is engaged in the provision of information technology services to financial institutions and gaming companies. The Company also develops, operates, and maintains Web-based and wireless applications for major corporate customers with strength in solutions for financial institutions and gaming companies and provides proprietary order routing software technology and Web-advertising services to stock brokerage firms. The Company is focused on financial transactions, software/middleware development, IT support services, secure platform development and turnkey implementation. Through its subsidiaries and affiliates, the Company also possesses licenses for electronic gaming machines (EGMs), a sports betting exchange, and digital and pari-mutuel games with the Philippine Amusement and Gaming Corporation (PAGCOR).