SPY Reports Double Digit Growth in Revenue

  • May 19, 2020 NZST
  • Team Kalkine
SPY Reports Double Digit Growth in Revenue

For the 12 months ended 31 March 2020, Smartpay Holdings Limited (NZX:SPY) has reported a growth of 34% in revenue to NZ$28.3 million. In Australia region, the company witnessed steady recovery in merchant transactions over the past 4 weeks with aggregate transactional revenue having recovered to 75% of pre COVID levels.

With both the Australian and NZ economies opening up again, the company believes that it is well placed to resume and accelerate its growth in new terminal numbers this year.

At NZST 12:59PM, the stock was trading at $0.480 per share, up by 4.35% from its previous close.

 


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