Dragon Capital Group, Inc. (DRGV) Net Income Doubles, Accelerated Performance Anticipated
Dragon Capital Group, a holding company of emerging high-tech companies in China, today reported its financial results for the second quarter and first six months of 2013 ended June 30, 2013. Q2 2013 revenues totaled $5.0 million compared to $4.7 million recorded for the same quarter a year earlier. The company attributed the majority of the increase to a rebound in sales of office equipment at its Shanghai Zhaoli Technology Development Co., Ltd. ("Zhaoli") as uncertainties associated with China's governmental succession in 2012 abated. Gross margins were reported at 3.2%, approximately a percentage point lower compared to Q2 2012, as…