SmartPay, the eftpos terminal company, narrowed its annual loss to $5.9 million and said it has not yet recorded the full benefits of its restructuring and acquisitions.
The net loss narrowed from a year-earlier loss that was restated to $12.7 million. Sales climbed to $17 million from a restated $16.5 million.
In December, the company agreed to buy eftpos terminal provider Viaduct for $16.3 million in cash and shares.
The shares were up 1.2 percent to 17 cents. The results were released after the close of trading.
(BusinessDesk)
Staff Reporter
Wed, 11 Jul 2018
Wed, 11 Jul 2018
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SmartPay, in midst of restructuring, narrows annual loss to $5.9 mln
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