Dreamscape $6 million revenue after 3 purchases

Company News

by Jessica Amir

Tech company Dreamscape Networks (ASX:DN8) reported rebound in its results, from a loss to a profit after it acquired three businesses last year, Vodien Group, Enetica Group and Net Logistics.

These have contributed $6 million towards the company’s total revenue for the six months ending December 2017.

And its net profit bounced back from a $14.3 million loss to a $752,000 profit.

Dreamscape Networks; revenue rose 30 per cent in the half year to $29.3 million.

At the same time Dreamscape announced its new group headquarters have been commissioned in Singapore to help underpin South East Asian Growth.

Shares in Dreamscape Networks (ASX:DN8) closed 6.9 per cent lower yesterday at $0.14.

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 with a passion for equities and funds management. As Head of News, she has been a broadcast journalist for over seven years, specialising in finance. She has been a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for regional Channel 7 and 9. She also previously worked as a financial planner and real estate agent.