SmartPay Holdings Limited (DE:KX2) has released an update.
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SmartPay Holdings Limited reported an 8% increase in revenue to $50.8 million for the half-year ending September 2024, driven by strong growth in the Australian market. Despite the revenue boost, the company faced a decrease in EBITDA to $7.9 million and recorded a slight loss before taxation, reflecting strategic investments in its expansion efforts. The acquisition of a New Zealand competitor’s terminal fleet expanded SmartPay’s market presence, positioning it for future growth in the trans-Tasman payment solutions sector.
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