Company Name: Star Payment Systems
Announcement Date: 03/03/2017
Announcement Category: Team Update
Announcement Content:
-Record Revenue of $4,017,195, up 228% on 1HY'2016 result
-ATM Network Revenues of $3,165,725, up 205% on 1HY'2016 result
-ATM and EFTPOS Product Sales of $851,470, up 452% on 1HY'2016 result
-Gross Profit from ATM Network and Other Segments Up 267% on 1HY'2016 result EBITDA up 63% on the same period last year
-Net cash flow from operating activities of $1,365,715 up 186% on 1HY'2016 result
-Statutory Loss of $1,497,883 impacted by accelerated depreciation on ATM networks acquired in FY2016 and one off costs
Announcement URL: http://www.asx.com.au/asxpdf/20170228/pdf/43gd6pl4mfmdm6.pdf
About Star Payment Systems:
Financial technology company Stargroup Limited is the only ASX listed company deploying ATM machines in Australia and importantly, the only listed ATM company having a direct ownership interest in the manufacturer of its ATM technologies, namely NeoICP, a South Korean private company.
Stargroup Limited became the exclusive distributor of the cashPod ATM range including the recycler ATM, back office and payment technologies in Australia for the next 5 years on 7 August 2015.
Stargroup Limited, via its wholly owned subsidiaries, StarPOS and StarApps, is also an EFTPOS and payWave technologies provider and developer of the source code in its terminals via its 5 year distribution agreement with West International AB, a Swedish NASDAQ listed company, to distribute next generation EFTPOS payment terminals and solutions in Australian and New Zealand.
Go to Company Profile for: Star Payment Systems
Announcement Contact: [email protected]
