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Slimmed down eServGlobal back in the black

Wed, 28th Sep 2011 07:43

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

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22 Oct 2018 12:49

eServGlobal Completes Second Stage Of GBP19 Million Fundraising (ALLISS)

LONDON (Alliance News) - eServGlobal Ltd on Monday said it completed the retail component of its 1-for-11 accelerated non-renounceable entitlement offer.The retail offer represents the of a

27 Sep 2018 14:59

eServGlobal Fund Raises For HomeSend And Potential Core Business Sale (ALLISS)

LONDON (Alliance News) - eServGlobal Ltd said on Thursday it has raised GBP19 million to fund the company's share of an expected capital raise by its HomeSend joint venture and to help the for

31 Aug 2018 11:30

eServGlobal Narrows Interim Loss After Getting Costs Under Control

LONDON (Alliance News) - eServGlobal Ltd said Friday it was "encouraged" by its interim results with it reporting a considerably narrowed interim loss despite a fall in Australian posted

2 Aug 2018 12:57

eServGlobal exceeds expectations and targets break even for full-year

(Sharecast News) - Fintech outfit eServGlobal on Thursday reported that orders in the first half of the year had exceeded expectations, standing the company in good stead to reach breakeven for the full-year.

2 Aug 2018 12:45

eServGlobal On Track To Break Even As Orders Exceed Forecast

LONDON (Alliance News) - eServGlobal Ltd said Thursday it is on track to reach the "breakeven target" for the current year after an receiving order above forecast.For the six June

29 May 2018 09:10

Software Firm Maestrano To Raise GBP6 Million In AIM Listing (ALLIPO)

LONDON (Alliance News) - Australian business software firm Maestrano Group PLC said Tuesday that it will raise GBP6 million via a listing of its shares on London's junior AIM market.The

17 May 2018 12:32

eServGlobal Aims To "Deliver More Proof That Our Strategy Works"

LONDON (Alliance News) - eServGlobal Ltd Executive Chairman John Conoley said Thursday that despite a year of progress the payment company "still needs to deliver more proof" that its a

21 Dec 2016 08:35

eServGlobal Promotes Recently-Appointed CFO Hayward To Executive Board

5 Aug 2016 07:33

eServGlobal Issues Remaining 53.6 Million Open Offer Shares (ALLISS)

30 Jun 2016 10:03

eServGlobal Recovery Continuing As First Half Hit By Conversion Timing

14 Jun 2016 10:14

eServGlobal Clarifies Amid Plan To Raise Up To GBP15 Million (ALLISS)

7 Jun 2016 13:20

eServGlobal To Raise GBP15.0 Million In Placing, Open Offer (ALLISS)

18 May 2016 11:14

eServGlobal Says Recovery Has Begun In Wake Of Restructuring

4 May 2016 14:32

eServGlobal secures big West Africa contract

(ShareCast News) - Emerging markets mobile financial services provider eServGlobal was celebrating a new contract win on Wednesday, having secured a deal to supply its PayMobile software to an unnamed service provider in West Africa. The AIM-traded firm said the total contract was worth €1.6m over t

4 May 2016 13:26

Latest Share Chat

eServGlobal Share News (ESG)

Slimmed down eServGlobal back in the black

eServGlobal Completes Second Stage Of GBP19 Million Fundraising (ALLISS)

eServGlobal Fund Raises For HomeSend And Potential Core Business Sale (ALLISS)

eServGlobal Narrows Interim Loss After Getting Costs Under Control

eServGlobal exceeds expectations and targets break even for full-year

eServGlobal On Track To Break Even As Orders Exceed Forecast

Software Firm Maestrano To Raise GBP6 Million In AIM Listing (ALLIPO)

eServGlobal Aims To "Deliver More Proof That Our Strategy Works"

eServGlobal Promotes Recently-Appointed CFO Hayward To Executive Board

eServGlobal Issues Remaining 53.6 Million Open Offer Shares (ALLISS)

eServGlobal Recovery Continuing As First Half Hit By Conversion Timing

eServGlobal Clarifies Amid Plan To Raise Up To GBP15 Million (ALLISS)

eServGlobal To Raise GBP15.0 Million In Placing, Open Offer (ALLISS)

eServGlobal Says Recovery Has Begun In Wake Of Restructuring

eServGlobal secures big West Africa contract

eServGlobal Wins West Africa PayMobile Contract, Reiterates Guidance

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