Smartpay 1H profit slumps 90% after losing big taxi contract

Wed, 25 Nov 2015

By Sophie Boot Nov. 25 (BusinessDesk) - Smartpay Holdings, the listed payment terminal supplier, reported a 90 percent slump in first half profit and is in the process of rebuilding its business after losing a major wholesale contract last year. Net profit fell to $143,000, or 0.08 cents per share, in the six months ended Sept. 30, from $1.5 million, or 0.87 cents per share, a year earlier, the Auckland-based company said in a statement. Earnings before interest, tax, depreciation, amortisation and other charges sank 23 percent to $3.7 mi...

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