Detailed News Dec-15-2017 09:56
Dion Global Solutions posts Q2 net loss of Rs 4.88 cr
Dion global Solutions, the country’s leading financial technology company, on Thursday reported standalone net loss of Rs 4.88 crore during the quarter ended September 30, 2017 as compared to net loss of Rs 4.17 crore in the previous year quarter. “Net revenue of the company declined moderately by 15.26 per cent at Rs 5.94 crore in July-September quarter of this fiscal as against Rs 7.01 crore in the corresponding period last year,” Dion global Solutions said in a filing to the BSE. During July-September quarter, operating expenses increased by 145.19 per cent to Rs 20.89 crore from Rs 8.52 crore in year ago period. Other Income grew by 253.85 per cent at Rs 17.48 crore versus (Sep'16 Rs 4.94 crore). Meanwhile, shares of company were trading at Rs 41.45 apiece, up 3.75 per cent, from previous close on BSE at 10:00 hours.