Company Name: Star Payment Systems
Announcement Date: 14/12/2016
Announcement Category: Awards/recognition
Announcement Content:
The management of Stargroup (ASX: STL) announced on Monday that the company had achieved its twelfth consecutive quarter of record revenue growth, a feat that it had flagged some weeks back, but impressively, was notched up with income from the month of December still to be accounted for.
Annual group revenues for 2016 are now 300% ahead of 2015 and year-to-date ATM revenue is up 265% compared with 2015 income from the ATM business.
The company is expecting December quarter revenue to be approximately 30% ahead of previous projections as a result of strong organic growth.
However, investors should note that earnings projections and historical trading performances may not be replicated and these should not be used as the basis for an investment decision alone. If considering an investment in STL it is important to seek independent financial advice.
Chief executive, Todd Zani, said, “Our group revenues in the last two months have already surpassed our prior quarterly revenues and this is obviously going to be another record quarter for the company, leaving us well on track for a thirteenth record quarter in the three months to March based on current contracted revenues in place”.
Announcement URL: http://finfeed.com/technology/stl/stargroup-delivers-twelfth-consecutive-quarter-record-revenues/20161213/?utm_campaign=STL-20161213&utm_source=facebook.com&utm_medium=social
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]
