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

How communications technology can raise the bar on customer service, employee experience
Partner Content
From capturing feedback early to providing messages with a higher rate of cut-through, ...
Advertisement

Related Stories

Car subscription software company Loopit eyes global markets after $3.6m seed round

Car subscription software company Loopit eyes global markets after $3.6m seed round

In a bid to enter new global markets and capitalise on the growing ...

Fashion-tech startup Citizen Wolf uses data to tailor tees, alleviate landfill

Fashion-tech startup Citizen Wolf uses data to tailor tees, alleviate landfill

As a consequence of our addiction to fast fashion, Australia sends ...

Apollo to divest large share of motorhome fleet to get Tourism Holdings merger over the line

Apollo to divest large share of motorhome fleet to get Tourism Holdings merger over the line

In an effort to appease Australian and New Zealand regulator concer...

Dexus awards John Holland building contract in $2.1b Waterfront Brisbane project

Dexus awards John Holland building contract in $2.1b Waterfront Brisbane project

After securing an $830 million contract from Dexus (ASX: DXS), Melb...