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Net 1 UEPS: Fiscal 2Q Earnings Snapshot

February 6, 2020 GMT

JOHANNESBURG (AP) _ Net 1 UEPS Technologies Inc. (UEPS) on Thursday reported a fiscal second-quarter loss of $205,000, after reporting a profit in the same period a year earlier.

On a per-share basis, the Johannesburg-based company said it had a loss of less than 1 cent. Losses, adjusted for non-recurring gains, came to 10 cents per share.

The payments company posted revenue of $74.1 million in the period.

In the final minutes of trading on Thursday, the company’s shares hit $4.31. A year ago, they were trading at $3.41.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UEPS at https://www.zacks.com/ap/UEPS