Company Name: Star Payment Systems
Announcement Date: 14/03/2017
Announcement Category: Team Update
Announcement Content:
ASX-listed financial payments company Stargroup is set to cash in on strong half-year profits announced by their part owned South Korean ATM manufacturer NeolCP.
Perth-based Stargroup, who recently reported its own solid half-year results, has an 11.28 per cent stake in the private NeoICP Korea Inc.
For the six months to December, NeoICP posted revenues of AUD$13.2 million, EBITDA of AUD$1.1 million and net profit after tax of AUD$853,705. It finished the half with net assets of AUD$16.7 million.
Dual-listed Stargroup has two key products, an extensive ATM network with more than 300 machines on the streets across Australia and a slew of EFTPOS and PayWave technologies. Through its interest in NeolCP, Stargroup is the only listed ATM company with a direct interest in the build of its ATMs.
Announcement URL: https://www.businessnews.com.au/article/Stargroup-part-owned-Korean-ATM-manufacturer-posts-strong-half-year-result?utm_source=Business+News+Mailing+List&utm_campaign=d4081aa7ca-dba&utm_medium=email&utm_term=0_e5391356e5-d4081aa7ca-288630645
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]
