CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER
1. Date of Report (Date of earliest event reported)
Nov 13, 2017
2. SEC Identification Number
A199908874
3. BIR Tax Identification No.
202955796
4. Exact name of issuer as specified in its charter
DFNN, Inc.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
3F Bonifacio Technology Center, 31st Street, cor. 2nd Avenue, Bonifacio Global City, TaguigPostal Code1634
8. Issuer's telephone number, including area code
02-8180973
9. Former name or former address, if changed since last report
NA
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common
324,620,008
11. Indicate the item numbers reported herein
None
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
DFNN, Inc.DFNN
PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C) Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
DFNN ANNOUNCES FINANCIAL RESULTS FOR THE FIRST NINE MONTHS OF 2017
Background/Description of the Disclosure
Publicly listed I.T. firm, DFNN Inc. (PSE: DFNN) (“DFNN” or the “Company”) continued its robust financial performance for the first nine months of 2017, with revenues of P 848.5 million, 616.0% higher than the P118.5 million reported in the same period of 2016. DFNN’s EBITDA reached P142.8 million, up 668.9% from the same period in 2016. Total operating expenses grew by 382.2% year-on-year to reach P 711.8 million from P147.6 million last year. Additionally, the Company reported a net income of P121.3 million—a surge of 15,062.5 % from the P0.8 million disclosed in the first three quarters of 2016. The increased expenses are largely due to the continued expansion activities such as the build out of the DFNN Technology Campus in Silang, Cavite. The facility hosts DFNN’s customer service, technical support, I.T. and development teams. Several more satellite offices are slated for construction in Cebu City and New Clark City in 2018. Similar to DFNN’s first half results in 2017, the notable improvements are attributed to the Company’s increased platform affiliates. Affiliated sites that use the Company’s technology platform increased by 158.6%, from this time last year, while the number of terminals using its gaming products increased by 389.9%. “We take pride in our performance for the first nine months of the year and with the steady growth of DFNN’s affiliate partners.” DFNN CEO, Ramon C. Garcia, Jr. stated. “Given our continued focus on improving operating efficiencies and distribution numbers, we expect to maintain this upward trajectory and to improve our operating margins.”
Other Relevant Information
About DFNN: DFNN, Inc. is a publicly listed company on the Philippine Stock Exchange (Ticker: DFNN). Since 1999, the Company has operated as a leading I.T. solutions provider and systems integrator, enabling its clients to compete in an increasingly technology dependent environment. Backed by its domain expertise in the financial sector, DFNN has competencies in: software/middleware development, I.T. support services, secure platform development, and turnkey implementations. Through its subsidiaries, DFNN also possesses licenses for Electronic Gaming Machines (EGMs), sports betting, and digit and pari-mutuel games with the Philippine Amusement and Gaming Corporation (PAGCOR). DFNN believes that its unique background as an I.T. company with a strong success and track record puts it in a unique position to explore and maximize opportunities in various sectors. Our slogan: “Technology at Play”.
For Inquiries, contact:
Miren E. Cueto +63917 723 6225 Investor Relations & Communications Officer DFNN Inc.
DFNN, Inc.DFNN