TechFinancials , a technology provider for binary options brokers, has announced that the company is expecting to receive an additional payment of $1.53 million to add to its bottom line for 2016. The funds are set to be contributed by the company’s Asia-Pacific subsidiary which is focused on the B2C side of the business.
The board of directors of DragonFinancials has approved a final dividend pay-out of $3 million for the year. Under its agreement with DragonFinancils, TechFinancials owns 51 percent of the company, making the firm’s share of the dividend $1.53 million.
Back in November, TechFinancials already received a $1.02 million payout from a total of $2 million. Consequently the full payout which the London-listed financial trading technology provider will receive is $2.55 million.
The CEO of TechFinancials, Asaf Lahav, said: “The full dividend payout underlines that the performance in the Group’s B2C division focused on the Asia Pacific region was solid in 2016. We remain focused on ensuring this division continues to perform well in 2017.”
The performance of the Asia-Pac B2C-focused subsidiary of TechFinancials underlines the benefits of regional and revenue source diversification.
Many B2B technology providers in the industry have been frequently holding interest in B2C-focused subsidiaries in order to increase their revenue capture.