Net 1 shares jump in JSE after results

Comment on this story


CorporateBusiness

Johannesburg - Net 1 UEPS Technologies, the South African payment processor also listed on the Nasdaq, jumps nearly 18 percent after its second-quarter earnings more than doubled.

Net 1's dollar denominated fundamental earnings per share rose 122 percent in the three months to end-December, and ballooned 163 percent in the terms of the South African rand currency.

The company's revenue grew 23 percent after better airtime sales and more lending.

Net 1 shares are up 17.65 percent at 100 rand, compared with a 0.4 percent rise in the All-share index. - Reuters


sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

     

Join us on

IOL-Social networks IOL-Social networks IOL-Social networks IOL-Social networks