Record payday for EML teases bigger year ahead
EML Payments (ASX: EML) had a big year in FY18 and the company has no plans to slow it down anytime soon.
The payments solution provider posted a record year of earnings in FY18, up 43 per cent to $20.8 million.
Revenue also increased to $71 million, up 23 per cent, and the company recorded a net profit of $4.83 million, up by a staggering 200 per cent on FY17.
While these results speak to the company’s achievements in FY18, EML Payments’ recent acquisitions and new international partnerships could suggest an even more impressive financial year is on the horizon.
The company recently acquired 100 per cent of Presend, a leading provider of non-reloadable solutions for shopping malls (gift cards) in Europe, as well as 74.86 per cent of Perfectcard, Ireland’s first authorised eMoney institution.
These two acquisitions prime the company for increased expansion into the EU and UK regions.
To read more, please click on the link below…
