Replies to post #259647 on THE NEXT LOTTO and UNDER THE RADAR PICKS

[monda2frida]

yeah, chinese stock, can't believe anything they say.

[threewheeler]

DRGV .0005s close 171 followers, will have over 200 tomorrow as peeps get a hold of news Reports Strong Financial Results For The Second Quarter [Market News Publishing (US)]

DRAGON CAPITAL GROUP CORP

DRAGON CAPITAL GROUP CORP ("DRGV-0") - Reports Strong Financial Results For The Second Quarter

Dragon Capital Group Corp., a holding company of emerging high-tech companies in China, announced its strong financial results for the second quarter ended June 30, 2015 for 2015 fiscal year.

Financial Highlights

For 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.

Balance Sheet

On 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.

Commenting 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 continue to work to increase our sales volume and build sales of higher margin for the utility monitoring automation software and services at our Shanghai Yazheng subsidiary, and mobile software applications from our Shanghai Zhiye subsidiary. This effort has resulted in a small but steady increase in our gross margins in the quarter as we maintain our cost of sales which we intend to build upon in future periods. We believe we are on the right track to increase sales in those higher margin businesses to enable our Company to improve performance throughout the year 2015 and beyond and help us achieve sustained profitability in the quarters and years to come."

About Dragon Capital Group Corporation

Dragon Capital Group Corp. is doing business in China through its subsidiaries. Dragon was established to serve as a conduit between Chinese high-growth companies and Western investors. DRGV functions as an incubator of high-tech companies in China, DRGV has developed a portfolio of high-tech companies operating in China. For more information about DRGV, please visit http://www.drgv.us

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