BPS Half Yearly Financial Results; Continues on Growth Path

22nd February 2016, ASX Announcement

BPS Technology Limited (ASX:BPS) is pleased to announce its financial results for the half-year to 31 December 2015 (H1FY16), which saw the company achieve a Net Profit after Tax of $3.5 million, an increase of 7.3 percent on the same period last year.

Key H1 FY16 highlights

• Revenue of $25.1 million, exceeding prior corresponding period (H1FY16: $24.9 million)
• EBITDA of $4.7 million, up 4 percent (H1FY16:$4.5 million)
• Earnings per share of 6.0 cents, up 7.2 percent (H1FY16: 5.6 cents)
• Cash position as at 31 December 2015 of $2.4 million with zero bank borrowings
• Interim dividend of 2.0 cents per share unfranked declared
• New merchants joining the Batercard Company network up 39 percent for the half year
• Bucqi launched in three Queensland centers with more than 170 merchants and 1,800 consumers participating
• TESS delivered software to IRTA; record levels of monthly trading now being recorded regularly

Commenting on the results, BPS Technology CEO, Trevor Dietz, said the Company’s performance reflects the strong fundamentals that have been put in place during the prior periods.

To read the full announcement, please click here.

To view the Results Presentation, please click here.

To view the Half-Year Report, please click here.