Procurri Corporation

Results

Procurri reports significantly higher 3Q earnings of $1.42 mil

SINGAPORE (Nov 9): Procurri Corporation, the provider of lifecycle services and data centre equipment, reported 3Q18 earnings ended Sept of $1.42 million, up significantly from $14,000 in 3Q17.

M&A

Procurri says due diligence by interested party ongoing

SINGAPORE (Oct 8): Procurri Corporation, a 46.83% held portfolio company of DeClout, announced that due diligence by the interested third party is still ongoing.

Results

Procurri's 1Q earnings grow sixfold to $1 mil on higher segment margins

SINGAPORE (Apr 25): Procurri Corp saw its earnings for 1Q18 grow sixfold to $1 million from $164,000 a year ago on higher revenue which mainly resulted from its higher-margin lifecycle services business segment.

DeClout in $10 mil loan agreement secured by 46.8% stake in Procurri

SINGAPORE (Apr 12): Mainboard technology company DeClout has entered into a $10 million loan agreement with six investors.

Procurri expects loss in FY17; announces long-term strategies to return to profitability

SINGAPORE (Jan 30): Procurri Corporation, the IT services and hardware equipment provider, expects to report a net loss for 4Q17 and FY17, according to its preliminary assessment of the unaudited financial results.

Procurri to establish US joint venture with American IT firm

SINGAPORE (Jan 23): Procurri Corporation says its indirect subsidiary, Procurri LLC, has entered into an operating agreement with Congruity LLC to incorporate a Delaware limited liability company (LLC), Rockland Congruity LLC.  

Broker's Calls

DBS starts bullish on Procurri’s earnings prospects

SINGAPORE (Sept 19): DBS Vickers Securities is initiating coverage on Procurri at “buy” with a target price of 67 cents.

Procurri’s IPO 1.9 times subscribed

SINGAPORE (July 19): Data centre equipment and lifecycle services provider Procurri Corporation, a subsidiary of DeClout, announced that its offering of 68.88 million shares for its proposed listing on the SGX Mainboard has been 1.9 times subscribed. Each
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