Gaming technology provider DFNN Inc. saw its fortunes turn around in the first half of 2015 from a net loss a year earlier as sales improved with the boom in the business process outsourcing (BPO) sector, including commission incomes.
“… DFNN reported a comprehensive income of P2.83 million, a notable turnaround from a loss of P26.48 million posted in the first half of 2014,” the company said in a disclosure on the Philippine Stock Exchange.
Consolidated revenues improved by 179.4 percent to P124.86 million from P44.67 million.
“DFNN’s robust performance is a continuation of its improving financial results since 2014. The rise in revenue is mainly due to the increase in service fees brought about by a new source of revenue from [BPO] services related to the gaming industry, and the rise in commission income from licensed gaming operations with the state gaming regulator,” the company said.
“We are very pleased with our first-half results. The financial performance of the company is a confirmation of the success of our strategy and implementation. We aim to sustain this growth through the second half as we launch our other gaming offerings,” Ricardo Banaag, DFNN chief operating officer, said.
The company has been expanding its gaming suite since last year, particularly the number of terminals and locations of electronic gaming machine Instawin by expanding the business outside Metro Manila.
DFNN said it is on track to strengthen the footprint of its electronic gaming machine and triple its existing terminals by year end.
Instawin includes the game from popular developers like PlayTech, SG8, PlayNGo and SHL. KRISTYN NIKA M. LAZO