Business
Dragon Capital Group, Inc. Reports Financial Results for the Third Quarter and the First Nine Months of 2014
Dragon Capital Group, Inc. Reports Financial Results for the Third Quarter and the First Nine 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 Third Quarter and the First Nine 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 Third Quarter and the First Nine Months of 2014\nPR Newswire\nSHANGHAI, China, Jan. 5, 2015\n\n\n\nSHANGHAI, China, Jan. 5, 2015 /PRNewswire/ -- Dragon Capital Group Corp. (OTC: DRGV), a holding company of emerging high-tech companies in China, announced today its financial results for the third quarter and the first nine months of 2014 ended September 30, 2014.\n\nFinancial Highlights\n\nFor the third quarter of 2014, total revenues were $5.0 million compared to revenues of $4.8 million recorded in the third quarter of 2013. Gross margins improved to 5% in the second quarter of 2014 compared to gross margins of 4% in the third quarter of 2013. Income from continuing operations in the quarter was $160,874 compared to income from continuing operations of $85,763 recorded in the third quarter of 2013. The increase in income was mainly attributable to an increase of general sales revenue and stable cost of sales. Net income attributable to Dragon Capital Group in the third quarter of 2014 was $329,700 inclusive of a ($3,356) loss from discontinued operations compared to net income attributable to Dragon Capital Group of $38,942 inclusive of a ($9,159) loss from discontinued operations. In the third quarter of 2014 the Company's operations resulted in a income of $0.00 per basic and diluted share on 896.4 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 third quarter of 2013.\n\nFor the first nine months of 2014 total revenues were $14.3 million compared to $14.1 million in the first nine months of 2013. For the first nine months of 2014 the Company's operations resulted in a net income attributable to Dragon Capital Group of $210,537, inclusive of a ($117,904) loss from discontinued operations. This compared to net income of $158,378 inclusive ...