SmartPay, in midst of restructuring, narrows annual loss to $5.9 mln

SmartPay, the eftpos terminal company, narrowed its annual loss to $5.9 million and said it hasn't yet recorded the full benefits of its restructuring and acquisitions.

The net loss narrowed from a year-earlier loss that was restated to $12.7 million. Sales climbed to $17 million from a restated $16.5 million.

In December, the company agreed to buy eftpos terminal provider Viaduct for $16.3 million in cash and shares.

The shares were up 1.2 percent to 17 cents. The results were released after the close of trading.

(BusinessDesk)

BusinessDesk.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

KMD completes Placement and Institutional Entitlement Offer
SML - North Island asset sale completed
RAD - Radius Care Expansion Continues with Care Home Acquisition
PFI - Property for Industry Limited Bond Offer Final Terms Sheet
April 1st Morning Report
FSF - Fonterra completes sale of Mainland Group to Lactalis
GNE - Resignation of Chief Financial Officer
PFI - Property for Industry Limited Launches Bond Offer
March 30th Morning Report
HGH Ltd Results for the 6 months ended 1 February 2026