As revealed in the early-August update, the H1 performance suggests the core PayMobile mobile money business has turned a corner, with hopes of achieving H2 cash profit and perhaps a cash breakeven for the FY. Management continues to focus on reducing the cost base and a sales strategy targeting a return to growth; this is reflected in an adj. LBITDA of A$1.4m, compared with A$6.0m adjusted loss in H1 LY (to April 2017). The company’s A$2.6m share of the HomeSend JV loss has increased o
31 Aug 2018
eServGlobal - Signs of recovery for core PayMobile business
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eServGlobal - Signs of recovery for core PayMobile business
- Published:
31 Aug 2018 -
Author:
Cavendish Research -
Pages:
7
As revealed in the early-August update, the H1 performance suggests the core PayMobile mobile money business has turned a corner, with hopes of achieving H2 cash profit and perhaps a cash breakeven for the FY. Management continues to focus on reducing the cost base and a sales strategy targeting a return to growth; this is reflected in an adj. LBITDA of A$1.4m, compared with A$6.0m adjusted loss in H1 LY (to April 2017). The company’s A$2.6m share of the HomeSend JV loss has increased o