AIM-quoted and ASX-listed eServGlobal has refocused its business but unrest in the Middle East could hamper progress. eServGlobal has sold its non-core operations and is concentrating on its mobile money and mobile value-added services operations. It appears that there was a sharp drop in interim revenues from A$43.8m to A$22.5m in the six months to December 2010 but the corresponding figure includes the business that has been sold. Stripping out a A$72.1m gain on disposal, the underlying loss was barely changed at A$12.6m. eServGlobal confirms its full year revenue guidance at A$38m-A$45m (£22m-£26m). There have been delays to projects in Egypt and Tunisia and the company is monitoring the situation in the Middle East and North Africa. eServGlobal is planning to return A$65m (20p a share) of the A$107m of disposal proceeds to shareholders but it still has not got the approval from the Australian Tax Office. There is still A$24m of the disposal proceeds in escrow. The cash will be released in two equal tranches on the first and second anniversaries of the sale.