Dragon Capital Group Corp. Announces Financial Results for the Second Quarter and First Six Months of 2014 Ended March 31, 2014
July 28, 2014 at 09:00 am EDT
Dragon Capital Group Corp. announced financial results for the second quarter and first six months of 2014 ended March 31, 2014. For the second quarter of 2014, total revenues were $5.0 million compared to revenues of $5.0 million recorded in the second quarter of 2013. Income from continuing operations in the quarter was $5,880 compared to income from continuing operations of $78,158 recorded in the second quarter of 2013. The decrease in income was mainly attributable to an increase in General and Administrative expenses resulting from the issuance of stock-based compensation. Net loss attributable to Dragon Capital Group in the second quarter of 2014 was $119,043 inclusive of a $74,000 loss from discontinued operations compared to net income attributable to Dragon Capital Group of $23,378 inclusive of a $6,000 loss from discontinued operations.
For the first six months of 2014 total revenues were $9.3 million compared to $9.3 million in the first six months of 2013. For the first six months of 2014 the Company's operations resulted in a net loss attributable to Dragon Capital Group of $119,000, inclusive of a $114,000 loss from discontinued operations. This compared to net income of $119,000 inclusive of a $6,000 loss from discontinued operations recorded in the first six months of 2013.