DFNN Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year Ended of December 31, 2015
March 08, 2016 at 01:08 pm IST
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DFNN Inc. provided earnings guidance for the fourth quarter and full year ended of December 31, 2015. For the quarter, the company expects consolidated revenue between PHP 70 million and PHP 80 million; and EBITDA between PHP 50 million and PHP 60 million. These forecasts show a notable increase from the same period in 2014.
For the year, the company expects to have swung into the black last year. Net earnings were seen to have reached between PHP 25 million and PHP 30 million, a marked turnaround from the PHP 84.14 million loss incurred in 2014.
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).
DFNN, INC. 
