NETinfo Plc Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2018
August 31, 2018 at 07:02 am EDT
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NETinfo Plc announced unaudited consolidated earnings results for the six months ended June 30, 2018. For the period, the company reported revenue was €1,700,995 against €1,643,755 a year ago. Operating profit was €22,569 against €172,144 a year ago. Loss before tax was €110,225 against profit €45,083 a year ago. Loss for the period was €132,099 against profit €43,145 a year ago. Basic and fully diluted loss per share were €1.13 against earnings €0.37 a year ago. Net cash used in operating activities was €214,192 against net cash provided by operating activities €379,464 a year ago. Payment for acquisition of intangible assets of €205,000 against €240,882 a year ago. Payment for acquisition of property, plant and equipment was €33,236 against €66,466 a year ago.
NETinfo PLC is a Cyprus-based Information Technology (IT) company providing Online and Mobile Banking, Mobile Financial Services, Retail and Corporate Finance Management and Payment Solutions to Banking and Financial institutions worldwide. It offers the following solutions: NETteller electronic-Banking Solution which has the following features, Personal Finance Management, Reporting and Analysis, Personalization, Self-Administration, Dashboard Management, Corporate Management, System Management, Trade and Finance, Liquidity Management and Reconciliation, among others, as well as NETteller Mobile Financial Services, a mobile payment solution, which has the following features, Multi-Lingual, Multi-Currencies and Self-Spending Policies, among others.