22:07:56 EDT Wed 17 Apr 2024
Enter Symbol
or Name
USA
CA



DealNet Capital Corp
Symbol DLS
Shares Issued 58,275,983
Close 2014-08-29 C$ 0.22
Market Cap C$ 12,820,716
Recent Sedar Documents

DealNet talks revenues, omits Q2 P&L from NR

2014-09-02 16:53 ET - News Release

Mr. Bob Cariglia reports

DEALNET CAPITAL ANNOUNCES FINANCIAL RESULTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2014

DealNet Capital Corp. has released financial and operating results for the three and six months ended June 30, 2014. The company's unaudited consolidated interim financial statements, and related management's discussion and analysis for the three and six months ended June 30, 2014, have been filed and are available on SEDAR.

"We are very pleased with the period-over-period revenue progression relating to the significant growth in [OC Communications Group Inc.], our division servicing the North American outsourcing industry," stated Bob Cariglia, president and chief executive officer of DealNet Capital. "With the acquisition of Impact Mobile and the continued growth of our consumer finance division, we expect continual improvement to our financial results over the second half of fiscal 2014," he added.

Revenues from operations during the three-month period ended June 30, 2014, were $1,527,000, compared with $851,000 for the three-month period ended June 30, 2013. The company's business process outsourcing division, OCCGI, contributed $409,000 in gross profit for the three months ended June 30, 2014, compared with $253,000 in gross profit for the three months ended June 30, 2013.

Revenues from operations during the six-month period ended June 30, 2014, were $3,849,000, compared with $1,481,000 for the six-month period ended June 30, 2013. OCCGI contributed $1,625,000 in gross profit for the six months ended June 30, 2014, compared with $507,000 in gross profit for the six months ended June 30, 2013. These results reflect a 160-per-cent increase in revenue and a 221-per-cent increase in gross profit for the June 30, 2014, period-over-period results of operation. Selling and administrative expenses increased by 6 per cent when comparing the June 30, 2014, period-over-period results.

© 2024 Canjex Publishing Ltd. All rights reserved.