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Dragon Capital Group, Inc. Reports Financial Results for the Second Quarter and First Six Months of 2014
Dragon Capital Group, Inc. Reports Financial Results for the Second Quarter and First Six Months of 2014.
About this update from Dragon Capital Group Corp.
[{"type":"text","content":"\n\n\n\nDragon Capital Group, Inc. Reports Financial Results for the Second Quarter and First Six Months of 2014\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nDragon Capital Group, Inc. Reports Financial Results for the Second Quarter and First Six Months of 2014\nPR Newswire\nSHANGHAI, July 28, 2014\n\n\n\nSHANGHAI, July 28, 2014 /PRNewswire/ -- Dragon Capital Group Corp. (OTC: DRGV), a holding company of emerging high-tech companies in China, announced today its financial results for the second quarter and first six months of 2014 ended March 31, 2014.\n\nFinancial Highlights\n\nFor the second quarter of 2014, total revenues were $5.0 million compared to revenues of $5.0 million recorded in the second quarter of 2013. Gross margins improved to 4% in the second quarter of 2014 compared to gross margins of 3% in the second quarter of 2013. Income from continuing operations in the quarter was $5,880 compared to income from continuing operations of $78,158 recorded in the second quarter of 2013. The decrease in income was mainly attributable to an increase in General and Administrative expenses resulting from the issuance of stock-based compensation. Net income attributable to Dragon Capital Group in the second quarter of 2014 was ($119,043) inclusive of a ($74,000) loss from discontinued operations compared to net income attributable to Dragon Capital Group of $23,378 inclusive of a ($6,000) loss from discontinued operations. In the second quarter of 2014 the Company's operations resulted in a loss of  ($0.00) per basic and diluted share on 674.2 million weighted average shares outstanding compared to earnings per basic and diluted share of $0.00 on 492.7 million weighted average shares recorded in the first quarter of 2013.\n\nFor the first six months of 2014 total revenues were $9.3 million compared to $9.3 million in the first six months of 2013. For the first six months of 2014 the Company's operations resulted in a net loss attributable to Dragon Capital Group of ($119,000), inclusive of a ($114,000) loss from discontinued operations. This compared t...