FINWIRES · TerminalLIVE
FINWIRES

Dreamfolks Services Swings to Consolidated Loss in Fiscal Q4

By

Dreamfolks Services (NSE:DREAMFOLKS, BOM:543591) posted a consolidated loss attributable to shareholders of 130.9 million Indian rupees in the fiscal fourth quarter, compared with a profit of 149.4 million rupees a year ago, according to an Indian bourse filing on Tuesday.

Loss per share for the quarter ended March 31 stood at 2.44 rupees, compared with earnings per share of 2.78 rupees a year earlier.

The airport and travel services aggregator's revenue from operations fell sharply year on year to 526.4 million rupees from 3.14 billion rupees, the filing said.

Related Articles

Asia

Xi'an Eswin Materials Technology to Invest Up to 40 Million Yuan in Glassmaker's Funding Round

Xi'an Eswin Materials Technology (SHA:688783) will invest up to 40 million yuan in a pre-A+ funding round for Zhuhai Yiyuan Technology, according to a Friday filing with the Shanghai bourse.Zhuhai Yiyuan Technology seeks to raise between 100 million yuan and 200 million yuan in a funding round.The glass manufacturer plans to use the proceeds for capacity expansion, equipment procurement, and technology upgrades.

$SHA:688783
Asia

Market Chatter: Chinese AUMs Rise as of April-End on Higher Tech Investments

Assets under management (AUM) in China's private fund sector jumped to 23.46 trillion yuan as of the end of April from 20.22 trillion yuan a year earlier, the South China Morning Post reported Friday, citing the Asset Management Association of China.The rise is attributable to market confidence and higher technology-related investments, the report said.Investments in the private equity and venture capital market grew 25% year over year to 234.4 billion yuan in the first quarter, the SCMP said, citing Zero2IPO Research.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$^SSEC$^SZSE
Asia

Concord New Energy Unit to Sell Assets for Leaseback

Concord New Energy (HKG:0182, SGX:SEG) unit Fengning Manchu Autonomous County Juting New Energy Development will sell to lease back certain assets to Industrial Bank Financial Leasing for 840 million yuan, according to a Friday Hong Kong bourse filing.The assets, comprising certain auxiliary facilities and solar power and energy storage equipment for a power station, will then be leased back to the lessee for 14 years for roughly 1.04 billion yuan.

$HKG:0182$SGX:SEG