DFNN, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 15, 2023 at 05:55 am IST
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DFNN, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was PHP 314.78 million compared to PHP 295.45 million a year ago. Net income was PHP 38.91 million compared to net loss of PHP 0.649415 million a year ago. Basic earnings per share from continuing operations was PHP 0.12 compared to basic loss per share from continuing operations of PHP 0.002 a year ago. Diluted earnings per share from continuing operations was PHP 0.12 compared to diluted loss per share from continuing operations of PHP 0.002 a year ago.
For the nine months, revenue was PHP 785.99 million compared to PHP 616.64 million a year ago. Net income was PHP 78.24 million compared to PHP 140.21 million a year ago. Basic earnings per share from continuing operations was PHP 0.241 compared to PHP 0.432 a year ago. Diluted earnings per share from continuing operations was PHP 0.241 compared to PHP 0.432 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).