30th Jun 2016 16:20
LONDON (Alliance News) - DJI Holdings PLC on Thursday reported a wider pretax loss in 2015 as it announced the appointment of a new chief financial officer.
The Chinese lottery and payment technology provider said its pretax loss widened to GBP10.7 million in 2015 from GBP4 million in 2014, as revenue dropped to GBP5.5 million from GBP47.5 million.
DJI's results were hit during the year due to the suspension of lottery products in China pending the publication of new regulations, but DJI said it has made progress since the year end.
"The development of potential new revenue streams accelerated significantly after the year-end and a number of new material opportunities are being progressed. The board therefore views the remainder of 2016 and beyond with considerable confidence and excitement," Chief Executive Darren Mercer said in a statement.
Separately, DJI said it has appointed Scott Kennedy as CFO with effect from August 8. Kennedy "is a highly experienced finance professional" according to DJI, having worked at companies including global bank HSBC Holdings PLC.
"In Scott, the board has found a very capable and dynamic individual, with significant experience at the most senior level in some of the world's largest financial services organisations and whose background is highly relevant to the new areas of development that the group is pursuing," Mercer said.
Shares in DJI closed down 4.6% at 100.60 pence on Thursday.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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