eServGlobal, the Australian mobile money solutions specialists, has soared back into the black despite a loss in revenue. Revenue for the year fell from $78m to $43.8m, but after a significant reduction in costs and additional income, the company returned to profit for the year at $39m (2010: -$32m).The additional income was primarily as a result of proceeds from a $79.4m disposal of the firm's USP business and assets. Cash at 30 June was $60.8M after repaying $5.8M in loans and secured bank overdraft facilities.Earnings before interest expense, tax, depreciation and amortisation (EBITDA) also returned to the black, growing from -$20m to $52m. Chairman Richard Mathews said: "eServGlobal is a significantly stronger and better placed company than it was 12 months ago. "We completely restructured the business achieving profitability at the adjusted EBITDA level in the second half of the year while growing our customer base and investing in new products and platforms to pave the way for profitable growth in the years to come. "Looking forward, we anticipate a year that is focused on building innovative products, securing new customers and sales channels, and striving for operational excellence. "In the next 12 months, our goal will be to add a third multinational group to our HomeSend service to maintain our unique positioning as enabling the world's estimated 3.5bn unbanked people to take part in the coming mobile payment revolution."NR