May 31, 2007
Updated 07:27:10 (Mla time)
Information technology solutions provider Diversified Financial Network Inc. (DFNN) reported a net income of P77.6 million in 2006, a turnaround from a net loss of P55.4 million in 2005.
It said group revenues rose 145 percent to P236.4 million in 2006 from P96.2 million in 2005.
Efforts to reduce cost and risk while expanding the business revenue in the gaming and business process outsourcing (BPO) boosted the group’s performance, DFNN chairman and chief executive Ramon Garcia Jr. said.
DFNN’s revenues come mainly from providing IT solutions to BPO and retail financial companies. It also earns from online gaming products and other services.
It said revenue growth in 2006 was fueled mainly by a 293-percent rise in service fees to P210 million.
http://services.inquirer.net/express/07/05/31/html_output/xmlhtml/20070531-68791-xml.html
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