The US$1,020,000 pay-out is from its 51%-owned subsidiary, DragonFinancials, which has declared a US$2mln dividend in respect of the first nine months of 2016.
TechFinancials COO Jeremy Lange tells Proactive: ”We started out the joint venture with Optionfortune on the first of January this year and the relationship is paying dividends”.
”The JV has done amazingly well, so we see results on target, the dividend is beyond our expectations this year and we’re expecting good results to the end of this year”.
TechFinancials, which last week raised earnings guidance for the year, said it would look in the new year at the possibility of resuming dividend payments.
Story by ProactiveInvestors