Brief: Net 1 Reports Q3 Loss Per Shares Of $0.11

Lesaka Technologies

26/05/2020 21:18

May 26 (Reuters) - Net 1 UEPS Technologies Inc  UEPS.O :
    * NET 1 REPORTS THIRD QUARTER 2020 RESULTS
    * Q3 LOSS PER SHARE $0.11
    * Q3 REVENUE $36.5 MILLION
    * WITHDRAWING FINANCIAL OUTLOOK FOR REMAINDER OF FISCAL 2020
    * BOARD HAS DECIDED TO DELAY ANY SHARE REPURCHASES
    * JABU MABUZA WILL SUCCEED CURRENT CHAIRMAN CHRISTOPHER S.
SEABROOKE, WHEN HE RETIRES AT END OF JUNE 2020
    * BOARD HAS INITIATED A COMPREHENSIVE STRATEGIC REVIEW OF
ENTIRE
CO
    * ESTIMATE THAT CO HAD TO FORGO CASH WITHDRAWAL FEES OF
ABOUT ZAR
8.2 MILLION DURING MONTH OF MARCH 2020
    * RECORDED IMPAIRMENT LOSSES OF $6.3 MILLION DURING Q3 2020

Source text for Eikon:  ID:nGNX73Jft9 
Further company coverage:  UEPS.O 

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