DFNN H1 revenue gains 11.5 percent

DFNN said its H1 revenue gained 11.5 percent, with gains noted across all of its business sectors, in particular license sales.

Total revenue was P621.0 million ($11.6 million), up from P556.9 million earned in the same period last year. EBITDA gained 11.9 percent to P129.7 million.

The highest growth came from the sale of licenses, amounting to P29.8 million, an increase of P27.3 million from the same period last year. Service income generated from the development and maintenance of software solutions totaled P35.7 million, which was up 159.4 percent. Commission from the company’s licensed gaming operations amounted to P555.5 million, a 2.76 percent improvement.

By the end of the first half of 2018, DFNN deployed over 5,600 EGMs nationwide. Its e-casino gaming platform, Instawin, is deployed in nearly 200 locations.

“In the first half of the year, we have been focused on not only strengthening our current business models, but also looking to expand into other sectors within the technology space,” DFNN President and CEO, Calvin Lim, said. “We anticipate maintaining this steady trajectory and look forward to sharing these successes with all our stakeholders in the next months.”