EMONEY FIRST HALF RESULTS ON NETELLER PAYMENT SYSTEM

Updated: 09/05/2008 00:00
Reprints/Permissions  Hyip Monitor
NETeller Plc released a report on the first half results this week,The company net income made up 1.148 USD million or 0.01 USD per share compared to net

NETeller Plc released a report on the first half results this week. The company net income made up $1.148 million or $0.01 per share compared to net loss of $24.50 million or $0.20 per share last year. The revenue within the six month period dropped from $50.85 million year ago to $35.89 million.

E-wallet revenue per active e-wallet user was US$ 130 in Q2 2008, up 15% from US$ 113 in Q1 2008, and up 18% from the same quarter in 2007.

Active e-wallet users (ex North America) totalled 100,760, a decrease of 1% from 101,301 in Q1 2008, and an increase of 4% from the same quarter in 2007. Sale of principal Calgary property completed on 10 July 2008 for CAD$ 33.5 million.

"The business has delivered a solid performance in the first half of 2008. We have made significant steps in repositioning our business and the adoption of our Merchant Solution Suite amongst both gaming and non-gaming customers is beginning to drive tangible benefits. Growth in our key European and Asia Pacific markets remains encouraging. We have a number of significant developments targeted for launch in the second half of 2008 including the Net+ card and merchant joint marketing products and programs. Through these and our continued efforts to add innovative payment solutions in our chosen markets, we expect to see this momentum continue. The Board looks forward to continued progress and remains confident about prospects for the business," said Ron Martin, President & CEO.


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