In a statement, eServGlobal, whose core business focuses on mobile payments in emerging markets, where it can help customers who do not have traditional banking facilities to make and receive payments, said it made a AUD33.8 million pretax profit in the six months ended
But the single largest item in the company's profit or loss statement was the AUD33.9 million gain arising from the creation of the HomeSend joint venture, which is tasked with enabling cross-border remittances and domestic transfers between individuals' mobile money accounts, payment cards, bank accounts or cash outlets from anywhere in the world.
Meanwhile, eServGlobal said that it has appointed Duncan Lewis as its permanent non-executive chairman. He replaces
Lewis has held senior roles at
"Management and board's focus over the past couple of years has been on restructuring the business and getting the costs in line. Now that cash position has improved, we have the ability to start looking at inorganic opportunities. We're in a position for the first time in many years, from both a financial and even in an operational bandwidth perspective, to focus on inorganic opportunities," Montessori told
“We'll consider many opportunities. It can be an adjacent vertical. It can be an expansion of our geographic capabilities from our core. There's many things to consider," Montessori added. "We've achieved our three-year plan by turning this business back to profitability," the CEO said.
"We will focus the next three years on growing our core business."
eServGlobal shares were Monday quoted at
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