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 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.