DeClout expects to return to profitability in FY18

SINGAPORE (Mar 5): DeClout expects to reduce its losses over the course of the year and return to profitability in FY18 given there should be no further losses from Corous360 after restructuring, the absence of major impairments and exceptional items and further reductions in expenses.

Overall, subsidiaries Beaqon, vCargo Cloud and Procurri are also expected to perform better.

The guidance comes after DeClout incurred its first net loss for FY17 of $16.4 million since it listed. This is compared to earnings of $7.8 million in FY16.

Declout reports 3Q losses of $3.3 mil on Procurri IPO costs

SINGAPORE (Nov 10): Declout reported a $3.3 million loss for 3Q16 driven mainly by Procurri’s listing expenses of $2.2 million. Excluding the one-time Procurri expenses, 3Q16 losses would be at $1.1 million due to operating losses from subsidiaries. 

Revenue for the quarter rose 20.2% to 81.2%, driven by improved contributions from existing businesses (10.7%) as well as newly acquired subsidiaries (9.5%).

Declout’s 2Q earnings up 84% to $5 mil

SINGAPORE (Aug 11): Declout posted earnings of $5 million for 2Q16, up 83.7% from earnings of $2.7 million in 2Q15.

During the quarter to June, revenue rose 3.5% to $75 million, driven by the IT Infrastructure Services segment, whose revenue rose 12.8% to $64.4 million. This was mitigated by a 31% decrease in revenue from the Vertical Domain Cloud segment to $10.6 million, which had fewer blockbuster game launches during the period under review.

For the half year period, earnings more than doubled to $411,000 as revenue rose 8.8% to $131.7 million.

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