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 is a senior finance journalist and presents bulletins including the Market Outlook, Market at Midday and Market Wrap. She also interviews ASX CEOs and leading fund managers. She joined FNN in January 2017 with over six years of broadcast journalism experience including with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked in financial planning for over six years with leading wealth managers and in real estate.