Declout’s 2Q earnings up 84% to $5 mil

SINGAPORE (Aug 11): Declout posted earnings of $5 million for 2Q16, up 83.7% from earnings of $2.7 million in 2Q15.

During the quarter to June, revenue rose 3.5% to $75 million, driven by the IT Infrastructure Services segment, whose revenue rose 12.8% to $64.4 million. This was mitigated by a 31% decrease in revenue from the Vertical Domain Cloud segment to $10.6 million, which had fewer blockbuster game launches during the period under review.

For the half year period, earnings more than doubled to $411,000 as revenue rose 8.8% to $131.7 million.

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