Gaming technology provider DFNN Inc. said that it has achieved a turnaround from last year by posting a net profit in 2015 following a loss the prior year, lifted by its gaming and business process outsourcing businesses.
In a disclosure to the Philippine Stock Exchange, DFFN said that it realized a net income of P79.6 million in 2015, a reversal from a net loss of P126.7 million from a year previous.
“The rise in net income was from service fees directly related to the gaming industry, including a new source of revenue from business process outsourcing services for legally regulated gaming companies, and the rise in commission income from licensed gaming operations with the state gaming regulator,” the gaming technology provider told the PSE.
With regard to its revenues, the firm generated some P259.85 million during 2015, more than double the P91.56 million posted in the same period in 2014.
“We are very pleased with our group-wide 2015 performance. Looking back at our growth in the gaming space, 2015 was an important inflection year for us. We intend to continue on this upward course as we launch more of our game offerings in the next quarter,” Ricardo Banaag, the company’s Chief Operations Officer said.
Further, the company said it continued to expand its product game offerings in 2015.
Last year, DFNN grew the number and locations of InstaWin, its electronic gaming (EGM) offering to 79 gaming sites, 1,295 EGMs and a pipeline of over 2,000 terminals. Gaming sites increased by 125.7 percent, while EGMs increased by 130 percent, from the same period in 2014.
Its FastWin game, a virtual sports and numbers games suite already operates in 54 sites nationwide as of end-last year.