Dragon Capital Group Corp. announced financial results for the full year ended December 31, 2012. For the full year, the company reported total revenues were $20.3 million with net income attributable to Dragon Capital Group of $0.6 million compared to total revenues of $21.9 million and a net loss attributable to Dragon Capital Group of $1.3 million recorded in 2011.

The improvement in net operating results was mainly due to one-time losses related to the sale of two discontinued subsidiaries in 2011 and a 24% reduction in operating expenses in 2012. This resulted in income from operations totaling $0.5 million in both periods. For the full year of 2012 it recorded net income of $0.6 million or $0.00 per basic and diluted share on 492.7 million weighted average shares outstanding as compared to a net loss of $1.3 million or $0.00 per basic and diluted share on 337.8 million weighted average shares outstanding in 2011.