vCargo Cloud

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 and IMDA join forces to help SME freight forwarders and shippers boost productivity

SINGAPORE (Nov 1): DeClout, via vCargo Cloud, and the Infocomm Media Development Authority (IMDA) have tied up to help SME freight forwarders and shippers to lower costs and boost productivity by digitising and automating manual processes.

Headquartered in Singapore, vCargo Cloud (VCC) is one of DeClout’s portfolio company under the Vertical Domain Clouds (VDC) segment.

VCC is an e-trade and e-logistics platform provider that offers e-trade and e-freight solutions through its CamelONE platform to governments and companies worldwide.

Declout’s no flash in the pan; plans for growth after spinoffs

SINGAPORE (Nov 1): NRA Capital is maintaining its “overweight” call on Declout with a fair value of 34 cents after management outlined plans to grow its remaining businesses organically and inorganically to offset the revenue gap left by Acclivis within the next one or two years.

(See also: DeClout sells IT services unit Acclivis to CITIC Telecom, books $28 mil gain)

After Procurri and Acclivis, there is still Beacon, Corous 360 and vCargo Cloud for this company

SINGAPORE (Oct 17): DeClout has proven its expertise in growing and spinning off tech companies since its 2012 Catalist listing, according to a unrated report by Maybank Kim Eng.

The company’s biggest success has been the July listing of Procurri – an IT hardware distribution business – on the Singapore Exchange Mainboard, according to analyst Jonathan Cheong.


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