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Results Commentary

30 Jun 2016 07:00

RNS Number : 7269C
eServGlobal Limited
30 June 2016
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eServGlobal Limited (eServGlobal or the "Company")

Results Commentary

Paris: 30 June 2016

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eServGlobal (LSE: ESG.L & ASX: ESV.AX), the provider of end-to-end mobile financial services to emerging markets, released its half year results for the six month period ended 30 April 2016 today.

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John Conoley, Executive Chairman, eServGlobal, said "The first half outturn is as previously communicated in our recent circular. We confirmed in the recent Trading Update that the Company had begun to recover with significant orders received. I am pleased to report that the recovery in order flow has continued in the first 2 months of H2. Allied to the continued downward pressure on costs we can reiterate our recent statement that we are on track to achieve a small positive EBITDA for full financial year 2016."

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About eServGlobal

eServGlobal (AIM:ESG, ASX:ESV) offers mobile money solutions which put feature-rich services at the fingertips of users worldwide, covering the full spectrum of mobile financial services, mobile wallet, mobile commerce, recharge, promotions and agent management.

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For more than 30 years, eServGlobal has been a source of innovation for telcos and financial institutions. Using carrier-grade, next-generation technology, eServGlobal aligns with the requirements of customers around the globe.

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Together with MasterCard and BICS, eServGlobal is a joint venture partner of the HomeSend global payment hub, enabling cross-border money transfer between mobile wallets, cards, bank accounts or cash outlets from anywhere in the world.

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For further information, please contact:

eServGlobal

www.eservglobal.com

Tom Rowe, Company Secretary

T: +61 (0)2 8014 5050

finnCap Limited (Nomad and Broker)Jonny Franklin-Adams / Carl Holmes

www.finnCap.comT: +44 (0) 20 7220 0500

Alma PR (Financial Public Relations)

Hilary Buchanan / John Coles / Josh Royston

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www.almapr.co.uk

T: +44 (0) 208 004 4218

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This information is provided by RNS
The company news service from the London Stock Exchange
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MSCZMGFVMGDGVZG
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