DFNN EBITDA grows 671% in first half of 2022

MANILA, Philippines — DFNN Inc., a leading IT solutions provider, posted a 671% growth in its EBITDA (earnings before interest, taxes, depreciation, and amortization) in the first half of 2022 ending on June 30, according to a statement issued by the company.

That’s from an EBITDA reflecting a loss of P40. 4 million in the same period last year to this year’s rise to P230.7 million — an increase of P271 million, or a 671% growth.

Tracing a path of sustained recovery, DFNN had a revenue of 675.1 million in the first six months of this year compared to P268.9 million it had in the same period last year — an impressive increase of 406.2 million or 151.1%.

In June this yea…

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