PaySauce hits positive earnings milestone, eyes further growth

PaySauce hits positive earnings milestone, eyes further growth
CEO Asantha Wijeyeratne said he wants PaySauce to be a global contender. (Image: Paysauce)
Ben Moore
PaySauce has posted positive earnings for the first time for the six-month period to Sept 30.The payroll software company announced earnings before taxes, depreciation, and amortisation (Ebtda) of $255,000 for the period, up from a loss of $200,000 in the same period in the prior year.This was on revenue of $3.6 million, up from $2.6m, and resulted in a net loss of $267,000, down from a loss of $425,000.Executive director and chief executive Asantha Wijeyeratne said reaching a positive Ebtda was partly attributable to rising interest...

More Markets

Smart CEO Anna Scott resigns
Markets

Smart CEO Anna Scott resigns

Anna Scott will take up her new role on October 1.

Fonterra’s NZ milk collections hit five-year high
Primary Sector

Fonterra’s NZ milk collections hit five-year high

The increased production comes as forecast milk prices point to record levels.

Retailers say unseasonable weather compounded woes
Retail

Retailers say unseasonable weather compounded woes

The Warehouse Group and KMD Brands have both downgraded guidance in recent weeks.