• Caught in the debt trap?

    Help us help you by taking our second annual Debt survey and you could win R3 000.

  • Rich man, poor man

    Culture change from below is the only way to overcome poverty, says Leopold Scholtz.

  • Tech bubble talk

    After the tech euphoria of 2013, the fast-moving sector has hit a speed bump.

Data provided by McGregor BFA
All data is delayed
Loading...
See More

Net 1 earnings drop

Feb 04 2011 14:09 I-Net Bridge

Company Data

NET 1 UEPS TECHNOLOGIES INC [JSE:NT1]

Last traded 92.51
Change 2.5
% Change 0.03
Cumulative volume 1128
Market cap 5.40bn

Last Updated: 24/04/2014 at 03:15. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Sassa extends grants contract

Baidu net profit nearly triples

IFCA secures $100m facility

Home appliances get 'smart' at CES

Altech acquires software vendor

Bharti and IBM sign African deal

 

Johannesburg - Net 1 UEPS Technologies [JSE:NT1], a provider of payment systems, on Friday reported diluted headline earnings per share (Heps) of $0.22 cents for the three months ended December 31 2010, from $0.42 cents previously.

It reported diluted Heps of $0.38 cents for the six months ended December 2010, from $0.79 cents earlier.

Revenue for the three months ended December 2010 increased to $89.011m from $73.864m in 2009, and for the six-month period revenue advanced to $153.294m against $139.378m previously.

"SA transaction-based activities revenue was $46.6m, up 3% compared with 2Q 2010 in USD and 5% lower on a constant currency basis.

"In ZAR, the decrease in revenue was primarily due to the new Sassa (South African Social Security Agency) contract at lower economics, which was partially offset by increased transaction volumes at EasyPay and the inclusion of MediKredit and FIHRST," Net 1 said.

On January 12, the group announced a six-month extension of its contract for the payment of social welfare grants with Sassa. 

A tender is expected to be put out shortly.

sassa  |  net1
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

The rich will pay - Mpofu

The EFF in Gauteng will focus all its energy on improving the lives of the poor, the party's premier candidate Dali Mpofu says.

 
 

Latest elections multimedia

Watch what happened when we blindfolded Helen Zille and asked her to eat random things
13 days to elections - news you need to know
11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...