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Dragon Capital Group, Inc. Reports Strong Financial Results for the Second Quarter of 2015 Fiscal Year
Dragon Capital Group, Inc. Reports Strong Financial Results for the Second Quarter of 2015 Fiscal Year.
About this update from Dragon Capital Group Corp.
[{"type":"text","content":"\n\n\n\nDragon Capital Group, Inc. Reports Strong Financial Results for the Second Quarter of 2015 Fiscal Year\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 Strong Financial Results for the Second Quarter of 2015 Fiscal Year\n$10.5 million in Revenue with $926,299 in Net Income\nPR Newswire\nSHANGHAI, Sept. 8, 2015\n\n\n\nSHANGHAI, Sept. 8, 2015 /PRNewswire/ -- Dragon Capital Group Corp. (OTC: DRGV), a holding company of emerging high-tech companies in China, announced today its strong financial results for the second quarter ended June 30, 2015 for 2015 fiscal year.\n\nFinancial Highlights\n\nFor the first six months of 2015 fiscal year, total revenues were $10.5 million compared to revenues of $9.3 million recorded in the same period in 2014 fiscal year. Gross margins improved to 7.1% in the second quarter of 2015 compared to gross margins of 4.2% in 2014. Income from continuing operations for the second quarter of 2015 was $628,654 compared to income from continuing operations of $132,159 recorded in the second quarter of 2014. The increase in income was mainly attributable to an increase of general sales revenue as a result of our increasing sales effort and stable cost of sales. Net income attributable to Dragon Capital Group in the second quarter of 2015 was $926,299 compared to net loss attributable to Dragon Capital Group of $232,039 inclusive of a loss of $114,548 from discontinued operations in the same period in 2013. \n\nBalance Sheet\n\nOn June 30, 2015, total assets were $11.7 million and shareholder equity was $9.3 million with 2,018 million common shares outstanding. On December 31, 2014, total assets were $10.3 million and shareholder equity was $8.8 million with 986 million common shares outstanding. Working capital was $9.2 million on June 30, 2015 compared to $8.7 million at December 31, 2014. \n\nCommenting on our results for the second quarter of 2015, Mr. Lawrence Wang, Chairman and CEO of Dragon Capital Group, \"We are pleased to see the continuous improvement in our revenue in the second quarter of 2015 as we ...