Dubli's Yearend Reports are Positive

Admin   |   31 December, 2014   |   864   |   3980

Although a year behind in reporting, the results are positive.

End of year results for DubLi in 2012 had a gross income of $3.75 Million and showed an increase to $15.25 Million. Net income in 2012 showed in the red of $27 Million and end of year for 2013 showed a positive of $3.8 Million. Since the reporting is a year behind, this is reflective of the change from an auction site that DubLi launched as into an online shopping mall, which has clearly taken it into the positives.

Shares have remained relatively the same with a few ups and downs, but no significant changes.

Based on wide associate promotions in 2014, the estimate is that revenue will continue to show an increase, especially in North American sales. The forecast is promising for DubLi.