Dragon Capital Group Corp. reported earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported revenue of $15.0 million, a 27% increase over the $11.8 million recorded in the second quarter of 2008. Net income from continuing operations for the second quarter of 2009 was $124,500, increasing from the $31,000 recorded in the first quarter of 2009. Net income in the second quarter of 2008 was approximately $215,000. This decrease in net income was largely attributable to an increase in selling expenses as a result of the challenging economic environment. For the six months, revenue reached $26.9 million, increasing by 20% from the $22.3 million recorded in the first six months of 2008. Net income from continuing operations was $155,400 down from $450,800 in the first six months of 2008 and mainly attributed to higher selling expenses in 2009.

Dragon Capital Group Corp. reports financial results for the first six months of 2009, with revenue reaching $26.9 million for first six months of 2009. Mr. Lawrence Wang, CEO of Dragon Capital Group, said: “Dragon continues to post increasing sales in this challenging environment. More importantly our profitability has gained momentum from the first quarter of 2009 despite increases in selling expenses. We are committed to achieving continued top line and bottom line growth as we navigate through these challenging economic times. We believe the high-tech industry within China has tremendous growth potential for the future and we remain focused on achieving higher operating efficiencies which we believe can extend our profitability into the coming years. We continue to seek opportunistic acquisitions to grow our business as we work diligently to increase our shareholder value." The stock closed yesterday at under a Penny a share.”

Dragon Capital Group Corp. reported unaudited consolidated earnings results for the full year of 2008. The company reported revenue from the company's six majority owned subsidiaries for the full year of 2008 was approximately $46.8 million, and fairly stable when compared to the full year of 2007. The company reported net income for the full year of 2008 of approximately $860,000 as compared to a net loss of $53,000 for the same period in 2007. On a consolidated basis the company reported an operating income before taxes and non-cash expenses for the six subsidiaries was approximately $1.4 million as compared to approximately $772,000 for the full year in 2007.