RESEND: Smartpay first half profit rises as smaller staff wage bill offsets lower sales

Tue, 28 Nov 2017

(Resends to add dropped word in headline) By Sophie Boot Nov. 28 (BusinessDesk) - Smartpay Holdings says it has made "significant progress" in the first half of the financial year, as lower wages boosted net profit and offset a drop in sales, while a takeover proposal progresses to due diligence stage. Net profit rose to $900,000 in the six months ended Sept. 30 from $500,000 a year earlier, the listed payment terminal supplier said in a statement. That was largely due to lower employment costs, which fell to $3.5 million from $3.7 mil...

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