Smartpay forecasts second year of earnings decline

Tue, 08 Sep 2015

By Tina Morrison Sept. 8 (BusinessDesk) - Smartpay Holdings, the listed payment terminal supplier, expects earnings to decline for a second year as it rebuilds its Australian taxi business after losing a key customer. Earnings before interest, tax, depreciation and amortisation will probably decline to between $8 million to $8.5 million in the current financial year, from $9.2 million in the year ended March 30, the company said in presentation notes for its annual meeting in Auckland today. Smartpay said it's starting this financial y...

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