EML'S EARNINGS SOAR

EML'S EARNINGS SOAR

EML Payments' (ASX: EML) earnings have soared 226 per cent for first half 2017.

The Brisbane payments provider took in $9.96 million in earnings before interest, taxes, depreciation and amortisation.  Depreciation in the Sterling relative to the Australian Dollar in fact lowered this result by $1 million.

EML generated 85 per cent of revenue offshore, while 90 per cent of its total revenues were recurring in nature.

Its revenue rose 207 per cent to $32.4 million during the period.

EML's global partners include VISA, MasterCard and eftpos.

EML has recently announced several new business partnerships, the most significant, it believes, entry into the salary packaging segment in Australia.

The company says its differentiated salary packing product will become a key vertical for its Australian business going forward, where it expects to support more than 120,000 cardholders.

Further coverage of EML Payments:

- EML announced in January it had finalised one of its 'most important agreements to date'.

- Read about the strategy of EML Payments managing director Tom Cregan, who had his golden moment of insight while visiting Las Vegas.

Business News Australia

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Does your pay structure answer today's challenges?
Partner Content
If you are not reassessing how your organisation remunerates and rewards employees as a...
Aon
Advertisement

Related Stories

Shine launches class action against QSuper

Shine launches class action against QSuper

Members of QSuper have filed a class action against the super fund ...

Nic Blair's digital healthcare startup Midnight Health scores $4m investment from nib

Nic Blair's digital healthcare startup Midnight Health scores $4m investment from nib

Health insurer nib (ASX: NHF) has put its weight behind healthcare ...

Reprieve for EML Payments as Irish regulators allow new customers and programs

Reprieve for EML Payments as Irish regulators allow new customers and programs

The dreaded 'Bank of Ireland Update' has become an ominous ...

GURNER, Qualitas raise $1.2 billion for rent-to-build platform

GURNER, Qualitas raise $1.2 billion for rent-to-build platform

Developer GURNER and alternative real estate investment manager Qua...