SIMON BROWN: I’m chatting now with Alan Salomon, CFO at [fintech company] Capital Appreciation. Results for the year end-March saw revenue up 19.7%, Heps off 44.5% and dividend up 10%. Alan, I appreciate the early morning. That hit to headline earnings per share – is that pretty much the credit-loss provision for GovChat which comes in, as memory serves, just over R70 million?
Your payments, your annuity income there up strongly up 24%. We’ve chatted before. Getting that annuity base growing has been a solid target of Capital Appreciation and it really is coming through solidly now. ALAN SALOMON: Payment terminals is a very, very important payment methodology, and it’s very driven by significant PCI [payment card industry] certifications from Visa and MasterCard in terms of security and pin. Accordingly, we have to continue to maintain, support and ensure the safety and security of all merchants and customers’ transactions, and that’s the fundamental base behind monthly sustainable annuity charges to customers.
I think the significant feature of our businesses is that we’ve created an enormous amount of diversification in product services, new technologies, … and also across wider geographies. Currently in the year our international revenue accounts now for 15% of our revenue, albeit a lot of it is actually prepared, managed and transacted in South Africa – but in foreign currency – and a very important foreign currency earner for the country.
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