Brief: Net 1 UEPS Technologies Is Reviewing All Options Available For Business In South Africa

Lesaka Technologies

08/02/2019 05:13

Feb 8 (Reuters) - Net 1 UEPS Technologies Inc  UEPS.O :
    * JSE: NT1 - NET 1 UEPS TECHNOLOGIES, INC. REPORTS SECOND
QUARTER
2019 RESULTS
    * NET 1 UEPS TECHNOLOGIES INC - QTRLY REVENUE OF $97.2
MILLION AND
FUNDAMENTAL EPS OF $(0.88)
    * NET 1 UEPS TECHNOLOGIES INC - QTRLY ADJUSTED NEGATIVE
EBITDA OF
APPROXIMATELY $25 MILLION
    * NET 1 UEPS TECHNOLOGIES INC - "THIS WAS A VERY DIFFICULT
QUARTER
FOR OUR COMPANY"
    * NET 1 UEPS TECHNOLOGIES INC - LOSS FOR QUARTER IS
PRIMARILY
ATTRIBUTABLE TO RURAL SOUTH AFRICAN BUSINESSES
    * NET 1 UEPS TECHNOLOGIES - FOCUS IS TO IMMEDIATELY STEM
LOSSES IN
S. AFRICAN FINANCIAL INCLUSION OPERATIONS, BREAKEVEN LEVEL BY
END OF FISCAL YEAR
    * NET 1 UEPS TECHNOLOGIES INC - FOCUSED ON REVIEWING ALL
OPTIONS
AVAILABLE FOR BUSINESS IN SOUTH AFRICA
    * NET 1 UEPS TECHNOLOGIES INC - BELIEVE THAT ALL OF
CHALLENGES CO
IS FACING ARE CONTAINED AND CAN BE RESOLVED IN NEAR FUTURE
    * NET 1 UEPS TECHNOLOGIES INC - REMAIN COMFORTABLE WITH
COMPANY'S
LIQUIDITY POSITION OVER NEXT 12 MONTHS
    * NET 1 UEPS TECHNOLOGIES INC - EVALUATING OPTION TO AN
APPEAL
AGAINST JUDGMENT WITH REGARD TO APPLICATION TO DIRECT SASSA
    * NET 1 UEPS TECHNOLOGIES INC -SOUTH AFRICAN SEGMENT REVENUE
WAS
$21.9 MILLION IN Q2 2019, DOWN 66% COMPARED WITH Q2 2018

Source text for Eikon:  ID:nJseH0002a 
Further company coverage:  UEPS.O 

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